6/30/2023 0 Comments Elon musk puerto rico micro grids![]() ![]() The Model X was launched three years later, in the second half of 2015. What Tesla is most known for and makes most of its money on are its cars. Tesla Model S → Model X → Model 3 → Model Y Tesla had a $465 million loan from the Federal Government which it paid back 10 years early with interest, the same loan GM defaulted on. Because there are certainly not billion dollar federal loans going to Tesla. If it's a fact such loans exist you had better cite your sources. (For some reason, some critics still claim that Tesla - and Elon Musk - still owe the American people. It was the only company awarded money from that program that paid it off so early. Three years later, Tesla paid off the entire loan, 9 years early, with interest. We’d just begun finding our way through the dark hole of the 2008 recession, and this was a kickstarter for cleaner auto technologies. That funding gave Tesla a boost during a very challenging time for the United States, as funding from the same program did for other American automakers. Tesla was awarded a $465 million loan in January 2010 from the US Department of Energy. $465 Million US DOE Loan - Paid Back 9 Years Early The other models hadn’t been designed or sold yet, and the journey from Tesla’s baby steps to today’s success was often overshadowed by the doubts and fears of critics - many whom were well known talking heads with large influence over their public domain. Tesla, the first of its kinda - an EV automaker that offered an idea of sporty American-made electric vehicles - started at $17 a share.Īt the time, Tesla only had the Roadster, its first electric vehicle, priced at $109,000. That’s when Tesla took its place on the world’s stage as a public company. Now they have a chance to rebuild it to something better and greener.Ten years ago, a baby IPO was born. The electric grid in Puerto Rico was unreliable before the hurricane. According to Inside Climate News, a draft of the integrated resource plan should be released by the end of the month. He and Elon musk connected on Twitter directly about rebuilding the electrical grid with independent solar and battery systems.Įven if the legislation does not pass, PREPA is working on its own plan that has a greater emphasis on renewables. Puerto Rico's governor, Ricardo Rosselló, has expressed his support of the proposal. The storm “created broad consensus across the political spectrum,” Rua-Jovet told FastCompany. The system worked, and this helped boost the support for microgrids and renewable energy. “People were hurled back from the first world to the third world in terms of energy,” he said.Īfter the hurricane, solar companies like SunRun, Sonnen, and Tesla installed small microgrids (solar panels and batteries) at hospitals and fire stations where electrical power was essential. Rua-Jovet lives in San Juan and now works as director of public policy in Puerto Rico for SunRun, a solar power company that entered the market there this year because of the demand for solar power and battery storage systems. ![]() ![]() “It changed everything,” Javier Rua-Jovet told FastCompany. The island has abundant sunshine and wind, so the shift to these renewables is very compelling. Importing fuel to Puerto Rico is expensive, and the cost of electricity is twice as much as on the mainland. The state-owned electrical grid was unreliable and prone to power failures, and PREPA declared bankruptcy in 2017 even before Hurricanes Irma and Maria struck the island. A request to the United States Department of Housing and Urban Development for $100 million to go to solar power is still pending.Įven before the storm, there were clear arguments for renewables. Puerto Rico hopes that some disaster funding may help homeowners buy solar panels. The new bill also supports people who can install their own solar panels and sell excess power to the grid. The territory currently provides 62 percent of its electricity by burning coal and oil according to the Puerto Rico Electric Power Authority (PREPA), and only four percent is from renewables. The proposed legislation calls for ending coal power generation by 2028 and requires all oil-fired power plants to convert to dual-fuel capacity within five years. As Puerto Rico rebuilds from Hurricane Maria, an ambitious clean energy bill was passed by the Senate (it still must be voted on by the House) that will shift the island to 100 percent renewable energy. ![]()
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