Edison International Teams Up with Tesla for Battery Storage Projects
02 May 2015 - 9:15AM
Business Wire
Edison International (NYSE: EIX) announced today that it has
established commercial agreements with Tesla as part of its launch
of a new line of Tesla Energy products. Southern California Edison
(SCE), the regulated utility subsidiary of Edison International,
and SoCore Energy, a subsidiary of Edison Energy that provides
rooftop solar systems, are implementing energy storage projects
that feature Tesla Powerpacks.
“We are excited to work with a cutting-edge company like Tesla
to help create a market for battery storage systems,” said Ron
Litzinger, executive vice president of Edison International and
president of Edison Energy. “The ability to store energy in
batteries by both residential and commercial customers is key to
expanding the nation’s use of clean renewable power.”
“This is an important, industry-changing development for the
future of solar power,” said Pete Kadens, president of SoCore
Energy. “We look forward to working with Tesla to bring battery
storage technology to our customers.”
SCE is working with Tesla on two demonstration projects that can
help reduce the cost of battery storage systems for residential and
business customers. These demand response demonstration projects
will test communication capabilities and explore rebates to
customers who allow SCE to manage their battery charging in order
to increase the use of renewable energy while ensuring continued
grid reliability.
The first demonstration project is related to residential
customers, targeting homeowners in SCE’s service territory who have
solar panels already installed with battery storage capability. The
second demonstration project focuses on commercial and industrial
customers who require a larger energy storage capacity. These two
projects are expected to be in place and operational in 2015.
Separately, SoCore Energy is working with Cinemark Holdings,
Inc., to design and install Tesla batteries at two of their theatre
properties in Southern California. Cinemark theatres in Lancaster,
Calif., and Orange, Calif., will feature Tesla battery units that
will be charged with electricity from the grid during nonpeak hours
at night. The battery system at the Lancaster site will be able to
store up to 800 kilowatt-hours, while the Orange site will have a
capacity of 1,200 kilowatt-hours, for use during peak periods.
Cinemark and SoCore Energy are looking at additional locations for
potential battery installations.
About Edison International
Edison International (NYSE:EIX), through its subsidiaries, is a
generator and distributor of electric power and an investor in
energy services and technologies, including renewable energy.
Headquartered in Rosemead, Calif., Edison International is the
parent company of Southern California Edison, one of the nation’s
largest electric utilities.
About Edison Energy
Edison Energy, a subsidiary of parent company Edison
International, provides new products and services in an
ever-changing energy marketplace, and invests in and partners with
technology leaders in the energy space. Edison Energy’s goal is to
build on Edison International’s core strengths to provide
commercial and industrial customers with a range of energy services
including power management and electric transportation. Edison
Energy operations are completely independent of and unconnected to
Southern California Edison.
About SoCore Energy
SoCore Energy (www.SoCoreEnergy.com), a subsidiary of Edison
Energy, is a market leader in commercial and industrial solar
portfolio development. With hundreds of solar solutions designed
and installed across 19 states, SoCore offers multisite retailers,
REITs and industrial companies portfolio-wide solar solutions that
provide energy cost savings and carbon reduction opportunities. As
a wholly owned, indirect subsidiary of Edison International, SoCore
combines Edison’s Fortune 500 stability with entrepreneurial
creativity in order to provide energy solutions that its customers
genuinely want and need.
SoCore Energy is not the same company as Southern California
Edison, the utility, and SoCore Energy is not regulated by the
California Public Utilities Commission.
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