Energy
Tesla spurs land grab at Tahoe-Reno Industrial Center, 99% sold out
After several companies followed Tesla’s lead in its initiative to establish a presence at the Tahoe-Reno Industrial Center, the massive 105,000-acre industrial park in Nevada is nearly sold out on its land. Lance Gilman, Principal and Director of TRI, who’s company owns the land at the commercial center noted that almost all of the 165-square-mile area has been sold out, thanks in no small part to progressive firms like California-based Tesla.
Only 250 acres of land from the TRI remain undeveloped, according to Gilman. The pace of the area’s development has been unprecedented, as initial expectations for the site predicted that the 105,000-acre land would be fully sold and developed within three generations. As it turned out, however, it will take less than 20 years before almost the entirety of the Tahoe-Reno Industrial Center was purchased.
“We thought this would take three generations to accomplish. That was my vision at the time. I thought for sure, based on the rate of absorption in Northern Nevada, that we would, certainly, be looking at three generations. But it has been done in less than 20 years,” Gilman said, according to a Las Vegas Sun report.
Gilman admitted that the pace of development in the Tahoe-Reno Industrial Center had experienced a significant boost since 2014 — the year when Tesla selected the TRI as the site for its first Gigafactory. The massive battery production facility is tasked with manufacturing the battery and drivetrain for the Model 3, as well as the Elon Musk-led firm’s Powerwall and Powerpack energy solutions.
While the site had already been developing at an admirable rate prior to the arrival of the California-based electric car and energy company, the TRI partner-broker credits Tesla as the spark that ultimately encouraged several other firms to invest in the industrial park. In a statement to the Las Vegas Sun, Gilman described how Tesla became the catalyst for the boost in interest and development at the TRI.
“I always smile when I go back and think about four years ago when Tesla arrived. We already had about 115 companies in there… But when we met Tesla, that put us on an entirely different international platform. And when that platform started to grow, all of a sudden, here came Switch and others, and we just had these corporate groups come in here, following Tesla all of a sudden. And so we’ve entered the tech world.”
The Tahoe-Reno Industrial Center partner-broker further noted that just recently, 15 other companies have purchased plots of land in the area. Most of these new transactions involved companies that are, just like Tesla, trailblazing new technologies in the business and consumer landscape. Google purchased 1,210 acres of land at the industrial center for $29.1 million last year and will reportedly build a data center on the premise. Another notable company taking residence is Blockchains LLC, a company focused on the development of blockchain distributed ledger technology.
As we noted in a recent report, Tesla’s Gigafactory 1 seems to be exhibiting growth from within, with the company ramping up its efforts to hire more workers for the site despite the main structure remaining relatively unchanged for the past six months. Once the Nevada Gigafactory is fully completed, the structure would be the largest building in the world by footprint. True to Tesla’s goal of ushering in an era of emissions-free manufacturing, the Nevada Gigafactory is also designed to be powered by sustainable energy.
Tesla Energy has become the undisputed dark horse of the electric vehicle maker. This was highlighted by Tesla Energy’s growing role in the company’s overall operations in the past quarters.
And as per Tesla’s year-end milestone posts on X, Tesla Energy had a blockbuster 2024.
Tesla Energy’s 2024 milestones:
- As per Tesla on its official social media account on X, the company has hit over 800,000 Powerwalls installed worldwide.
- From this number, over 100,000 Powerwall batteries have been enrolled in virtual power plant (VPP) programs.
- The Powerwall 3 has officially been launched in the United States, Canada, Puerto Rico, the U.K., Germany, Italy, Australia, and New Zealand.
- The Tesla Megapack hit over 22 GWh in operation across more than 60 countries across the globe.
- The Lathrop Megafactory, which produces the Megapack, has been ramped to 40 GWh per year.
- The Lathrop Megafactory has also produced its 10,000th Megapack battery.
- The Shanghai Megafactory was completed in just seven months, and it is ready to start Megapack production in Q1 2025.
Hit 800k Powerwalls installed worldwide
— Tesla (@Tesla) December 31, 2024
Also:
– Over 100k Powerwalls are now enrolled in VPP programs
– Launched Powerwall 3 in the US, Canada, Puerto Rico, UK, Germany, Italy, Australia & New Zealand
– Megapack hit 22+ GWh in operation across 60+ countries
– Ramped… pic.twitter.com/bE88DpeyTg
Powerwall owners’ 2024 impact:
- As per Tesla Energy, Powerwall owners generated a total of 4.5 TWh of solar energy globally in 2024. This was equivalent to powering a Model 3 for more than 17 billion miles.
- A total of 1.1 TWh of energy was stored in Powerwalls in 2024. This protected homes from over 5.8 million outages during the year.
- Tesla’s Storm Watch feature for Powerwall batteries covered 2.8 million severe weather events over the year.
- Powerwall owners saw collective savings of over $800 million on utility bills.
- Virtual Power Plants contributed over 2.2 GWh of power to the grid. This reduced the need for 2,200 metric tons of fossil fuel peaker plant emissions.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.
Utah-based rPlus Energies recently held the groundbreaking ceremony for the Green River Energy Center, a 400 MW solar PV and 400 MW/1,600 MWh battery storage project in Eastern Utah. Tesla Megapacks will be used as the upcoming facility’s battery storage solution.
At 400 MW/1,600 MWh, the Green River Energy Center is expected to become one of the largest solar-plus-storage projects under development in the United States. Once operational, the facility would supply power to PacifiCorp under a power purchase agreement, as noted in a press release.
Utah Gov. Spencer Cox shared his excitement for the project during the Green River Energy Center’s groundbreaking event. As per the Utah Governor, the solar and battery storage system represents a notable step forward for the state’s sustainable energy efforts.
NEWS: rPlus Energy has just broken ground on a new $362 million @Tesla Megapack battery energy storage system in Utah.
— Sawyer Merritt (@SawyerMerritt) September 24, 2024
This 400 MW solar PV and 400 MW/1,600 MWh battery storage project is one of the largest solar-plus-storage projects under construction in the nation. The entire… pic.twitter.com/ubPOUnPWEf
“This project is being built in rural Utah, by rural Utahns, and for all of Utah. When rural Utah thrives, the entire state prospers. Today, we’re not just breaking ground—we’re building a future of affordable, abundant energy in Utah,” the official noted.
The Green River Energy Center secured over $1 billion in construction debt financing earlier this year. The facility is also expected to create about 500 jobs, many of which will be filled by local workers. With this in mind, the solar and battery farm would likely prove to be a boost to Emery County’s economy, enhancing tax revenue, strengthening public services, and offering long-term employment opportunities for the area’s residents.
Sundt Construction will serve as the project’s contractor, EliTe Solar will supply the solar modules, and Tesla will provide the battery storage system for the project. Luigi Resta, President and CEO of rPlus Energies, noted that the Green River Energy Center is special because of the entities that have worked together to make the facility a reality.
“It’s the partners that make this project special, that have made this monumental project possible. From our equipment providers to the onsite talent, and the support of the local and regional community, we owe this project’s success to each of you,” he stated.
Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.
Tesla Energy is losing a director who brought Autobidder, a real-time trading and control platform that provides value-based asset management and portfolio optimization, to the company.
Rohan Ma, who has been at Tesla for just under eight years, announced he would depart the company on LinkedIn, aiming to take on a new opportunity elsewhere.
Ma posted:
“After eight years at Tesla, this will be my last week. It was a ride of a lifetime! Today, Tesla Energy is thriving and I can confidently say it’s in the best position it has ever been in to drive impact toward the original mission I signed up for. I’m proud to have contributed over the years to where it is now, and will be cheering the team on from the sidelines as they carry the torch forward and continue to relentlessly solve problems at the frontier of the energy transition.”
Ma started as the Senior Manager of Energy Optimization at Tesla back in November 2016. After four-and-a-half years at the position, he then moved on to a new role as the Director of Energy and Software Optimization. He has been in that role for over three years.
The exit of Ma is the latest in Tesla’s tough year in terms of losing high-level employees.
Earlier this year, as a part of widespread layoffs, Tesla eliminated up to 20 percent of its workforce and people like Rebecca Tinucci, who was the company’s Senior Director of EV Charging.
Tesla also lost Rohan Patel, Vice President of Global Public Policy and Business Development, and Martin Viecha, who was Head of Investor Relations, are just a few notables to depart.
Autobidder
Tesla’s Autobidder platform helps owners and operators make money by autonomously monetizing battery assets. It is a real-time trading and control platform that maximizes revenue according to business objectives and risk preferences.
Tesla Megapack, Autobidder to be deployed in big battery project in Queensland
Autobidder already has hundreds of megawatt-hours under management and continues to scale. It is hosted on Tesla’s secure cloud infrastructure that is engineered to handle large and complex computations.
Without Ma’s expertise, Autobidder would likely not be involved in Tesla’s Energy division at all, and although it is not frequently discussed, it is still a major part of the business’s growth over the past several years.
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