Tesla says Australian utility Origin to market solar battery
A Tesla logo is seen in the dealership in Berlin, Germany, November 18, 2015. REUTERS/Hannibal Hanschke
Get Alerts TSLA Hot Sheet
Join SI Premium – FREE
By Matt Siegel
SYDNEY (Reuters) - Tesla Motors Inc (NASDAQ: TSLA) on Thursday listed Australia's largest power and gas retailer Origin Energy
Australia has the world's highest per capita penetration of rooftop solar technology, and Tesla's Powerwall is part of a green power system the company launched in May that would allow consumers to use solar panels to power their homes and recharge electric car batteries.
Tesla also announced other Powerwall distributors in Australia, where soaring electricity prices, high solar panel uptake and plenty of sunshine make an ideal market for solar battery storage products.
"Tesla Energy is working with solar installers, electricity retailers and network providers to sell Powerwall in Australia. This allows for customer choice and great reach to all interested households," Tesla spokesman Heath Walker said.
Origin CEO Frank Calabria said the company would bundle the Powerwall with solar panels from Chinese firm Trina Solar Ltd (NYSE: TSL) and inverters from Israel-based SolarEdge Technologies (NASDAQ: SEDG) to form a "turnkey home energy solution".
The product will be available for installation from February 2016, he said in a statement.
Natural Solar, one of Australia's largest solar power installers, was named as an initial partner.
"We see this opportunity as a chance to educate the public on this ground-breaking technology and more. Australians are among the world's early adopters of renewable energy technology," Natural Solar Managing Director Chris Williams said in a statement.
More than 15 percent of Australia's 8.4 million households have rooftop solar technology, Energy Supply Association of Australia figures show.
Tesla is also launching the Powerwall in Germany and the United States.
(Editing by Stephen Coates)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Tesla readies August launch of CyberCab - The Information
- L3Harris displays multi-domain defense tech at Army exercise
- BT Brands posts Q2 profit, cuts costs as restaurant sales dip
Create E-mail Alert Related Categories
Corporate News, ReutersRelated Entities
TeslaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share