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Tesla Powers Up India: Elon Musk's Battery Storage Factory Proposal Sparks Renewable Energy Revolution
Tesla Proposes Battery Storage Factory in India to Support Renewable Energy Revolution
Tesla has plans to make & sell battery storage systems in India, submits proposal seeking incentives for factory, sources say. Plan shows Musk’s India push is beyond EVs. Tesla keen to establish business of Powerwall which stores solar power during day https://t.co/KQGkD69QfY
— Aditya Kalra (@adityakalra) September 21, 2023
Tesla, led by visionary CEO Elon Musk, has presented plans to manufacture and market battery storage systems in India. The company has submitted a proposal seeking incentives to establish a factory as part of its commitment to support India's transition to renewable energy.
Powerwall System to Enhance India's Battery Storage Capabilities
Tesla's proposal focuses on introducing its renowned 'Powerwall' system to bolster India's battery storage capabilities. The Powerwall system stores energy generated from solar panels or grids, ensuring a reliable power supply during nights or shortages.
Incentives Requested, Government Expresses Interest in Fair Business Model
As per Reuters, Tesla has sought various incentives to facilitate the establishment of its battery storage factory. While these incentives were not available, the Indian government has expressed its willingness to create a fair business model by offering subsidies to customers purchasing Tesla's battery storage products.
Government Reviewing Tesla's Proposal for Sustainable Energy Development
The Indian government is currently reviewing Tesla's proposal, which includes plans for setting up an electric vehicle factory to produce affordable cars in India. This move aligns with India's ambition to increase its non-fossil fuel power capacity to 500 GW by 2030.
Accessible Solutions for Domestic and Commercial Use
Tesla's Powerwall, a meter-high unit suitable for domestic and light commercial use, can be conveniently installed in garages or outside houses. If the proposal materializes, Tesla envisions developing larger-scale solutions to cater to the diverse needs of industries in India.
Focus on Affordability to Drive Adoption of Battery Storage Products
While the current cost of the Powerwall in California exceeds $5,500 (over Rs 45,000), Indian officials have emphasized the importance of reducing the cost of Tesla's battery storage products. This objective aligns with the aim of making renewable energy solutions more affordable and accessible to a wider range of Indian consumers.
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