Solar Energy Has a Silver Bullet That Could Upend This Trillion Dollar Industry
We’re less than three months into 2015 and already the solar industry is laying out plans to upset the electric utility industry. SolarCity (NASDAQ: SCTY ) is partnering with Tesla Motors (NASDAQ: TSLA ) to offer a “microgrid service” that combines solar, batteries, and software to control when and where a location uses power. SunEdison (NYSE: SUNE ) bought Solar Grid Storage to enhance its own storage offerings from solar and wind projects.
The latest move came from SunPower (NASDAQ: SPWR ) , which has partnered with Sunverge for energy storage, and is now partnering with EnerNOC (NASDAQ: ENOC ) to use that storage for demand response for commercial and industrial customers. There is a three-year exclusive cross-selling agreement between the two. This may help drive greater adoption, flexibility, and revenue generation from commercial and industrial solar customers.