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Hawaiian Electric Industries Inc (HE) Q4 2020 Earnings Call Transcript

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Hawaiian Electric Industries Inc (HE) Q4 2020 Earnings Call Transcript

Tesla Powerwall 2

The Powerwall and Powerpack are rechargeable lithium-ion battery stationary energy storage products manufactured by Tesla, Inc. The Powerwall is intended to be used for home energy storage and stores electricity for solar self-consumption, time of use load shifting, backup power, and off-the-grid use.[1] The larger Powerpack is intended for commercial or electric utility grid use and can be used for peak shaving, load shifting, backup power, demand response, microgrids, renewable power integration, frequency regulation, and voltage control.[2]

Announced in 2015, with a pilot demonstration of 500 units built and installed during 2015, production of the product was initially at the Tesla Fremont factory before being moved to the under-construction Gigafactory 1 in Nevada.[3] The second generation of both products was announced in October 2016.

  1. ^ Debord, Matthew (May 1, 2015). "Elon Musk's big announcement: it's called 'Tesla Energy'". Business Insider. Retrieved June 11, 2015.
  2. ^ "Powerpack - Commercial & Utility Energy Storage Solutions | Tesla". www.tesla.com. Retrieved February 5, 2020.
  3. ^ "Planned 2020 Gigafactory Production Exceeds 2013 Global Production" (PDF). February 26, 2014. Retrieved June 5, 2014.