Beyond the Storm: Navigating the Uncharted Waters of the Post-Pandemic Corporate Landscape
04/08/2024
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As the storm of the pandemic begins to subside, corporate leaders face a landscape that has forever changed. The question …
April 5, 2021:-On Thursday, the smartphone-maker confirmed that Apple would use Tesla’s Megapack at its new battery-based renewable energy storage facility.
On Wednesday, Apple announced that it’s building a battery-based solar energy storage facility in California. The company said the facility would be capable of storing 240 megawatt-hours of energy to power above 7,000 homes for a day. The set-up includes 85 of Tesla’s Megapack battery energy storage systems announced in 2019 for the first time. The energy will be used to help power the company’s headquarters.
Most known for its electric vehicles, Tesla has been building out its solar power business over several years in the past.
The company started the solar business in 2016 when it acquired SolarCity for $2.6 billion.
Although, the solar segment still does not break out revenue on its own. “Energy generation and storage” made up 6% of the company’s total revenue in 2020, though it grew by 30% from 2019.
The Verge first reported the connection between the two tech giants, pointing to records submitted by the Monterey County Board of Supervisors.
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