In a first such move, Elon Musk-run Tesla has launched a ‘virtual power plant’ that will pay its Powerwall users to help keep electricity on in their area during emergencies or energy shortages.
Tesla launched the ‘virtual power plant’ in partnership with California Pacific Gas and Electric Company (PG&E) to support the electricity grid while also earning compensation and maintaining energy security for its users.
Powerwall is a rechargeable lithium-ion battery stationary home energy storage product manufactured by Tesla Energy which stores electricity for solar self-consumption.
