Tesla's energy business expands with Sunrun partnership in Texas

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Tesla Powerwall,Texas,Sunrun Stock

Tesla’s energy business is expanding in the state of Texas, partnering with solar and home energy infrastructure provider Sunrun to help owners run “virtual ...

, a retail electricity provider in Texas, in order to support the energy grid in Texas via Tesla Powerwall battery owners.

Sunrun uses other energy storage providers as well, but the company noted that Tesla Electric is a preferred provider for the service due to its rate structure for customers and “virtual power plant” functionality, where clusters of Powerwall owners are aggregated virtually via software and batteries to create a power source capable of augmenting a larger electrical grid.

Added Sunrun’s Powell, “On-site energy storage not only provides homeowners peace of mind with outage protection but also enables them to participate in programs like these by contributing to solutions that better the lives of those in their communities.” “We believe investors will begin to pay more attention to Tesla Energy which we value at $36 per Tesla share as the business uniquely positioned to benefit from investment in the US electric grid accelerated by the AI boom,” Jonas said.Indianapolis Colts receiver Josh Downs was helped off the field after injuring his ankle Wednesday at training camp then left the practice field on a golf cart.

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