Atmos Renewables has completed financing for a 100 MW battery energy storage system in Western Australia, marking the company's first asset of this type in the region and strengthening its presence in the Australian energy market.
Tesla is building a giant electricity storage facility in Shanghai, China, signing a $560 million contract to meet growing demands on the urban electricity grid.
The Trump administration has cancelled a federal guarantee granted to Sunnova Energy, withdrawing its support for a loan programme intended to finance 100,000 residential solar installations.
Tesla sales saw a significant drop in March, with a 36% decrease compared to the previous year, according to data from the European Automobile Manufacturers Association. The brand faces increased competition and the consequences of its image.
Elon Musk will partially step back from his role in Donald Trump’s government commission to focus on Tesla, which has been impacted by declining quarterly results and tensions in several markets.
Tesla aims to double production at its Grünheide plant in Germany to one million vehicles a year, potentially becoming Germany's largest automotive plant. However, environmental and union concerns surround this expansion.
Elon Musk announced that Tesla will increase its electric vehicle production in the United States over the next two years. This statement comes as the company faces declining sales and stock market volatility.
