Tag Archives: SolarCity

Government & Business, Power

Tesla and SolarCity Collaborate on Clean Energy Storage

The companies’ founders don’t just share business interests: they’re also family

Elon Musk is the founder of Tesla Motors and SpaceX, and supported the creation of SolarCity.

Elon Musk is well-known in Silicon Valley as the founder of the luxury electric vehicle company Tesla Motors, and of SpaceX, the private space transport company.

What’s less well-known is Musk’s contribution to SolarCity, the solar installer and energy efficiency auditor. Musk inspired–and helped fund–the creation of the San Mateo-based solar company. And Tesla is working closely with SolarCity on a clean energy storage solution that would combine Tesla’s lithium-ion batteries with SolarCity’s rooftop solar arrays. The collaboration makes sense: not only is Musk the chairman of SolarCity, but the founders of the company, brothers Lyndon and Peter Rive, are his first cousins.

Continue reading Tesla and SolarCity Collaborate on Clean Energy Storage →

Power

Google Invests Millions in Residential Solar

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SolarCity infusion is Google’s largest yet

(Photo: Craig Miller)

Google is giving a boost to the solar industry today – but not to those large solar farms in the California desert. Nope, the company’s largest clean energy investment to date is going to home solar.

Five years ago, SolarCity was a small, Bay Area start-up. Today, it’s getting a $280 million-dollar investment from one of the most influential players in the game.

“We are very excited,” says Lyndon Rive,  CEO of SolarCity. “It’s a big vote of confidence in SolarCity as well as hopefully a big vote of confidence to the entire market.” Continue reading Google Invests Millions in Residential Solar →