In an unprecedented move, a power utility company in Vermont is partnering with Tesla in order to bring the company’s Powerpack and Powerwall 2 technology to the public. The first part of the deal is basically to add the extra power source to the power company’s own supply. The other part is to subsidize Powerwall 2 units so that the people of Vermont can get one for themselves at only $15 a month.
This is the first move of its kind anywhere in the world and is expected to expand the influence of Tesla in the renewable energy market. Green Mountain Power (GMP) is basically allowing Powerpack and Powerwall 2 units on its land as a direct partnership with the tech company, Futurism reports.
As for the units that private households can get ahold of, to start with, as many as 2,000 customers can avail of the monthly subsidized fee for the personal home batteries. If they want, they could also pay the one-time price of $1,500, which is half what a 7kW Powerwall 2 would normally cost. That’s about as good of a deal as anyone has been offered for something as pricey as a Tesla Powerwall.
So, why exactly is a power company partnering with the very tech brand that is trying to put traditional electric businesses in the ground? According to GMP, the idea was basically brought out by necessity when over 15,000 homes were affected by a power outage, Engadget reports.
Speaking to WCAX-TV, GMP CEO Mary Powell noted that the company had to make a choice at that point. When GMP noticed that its customers who had Powerwalls didn’t suffer as much of an impact from the power outage as others, the company knew what it had to do.
"Three customers who had Powerwalls never lost power, so it carried their home through," Powell said. "And unlike a generator, they didn't have to worry about hooking it up, they didn't have to worry about whether it was fueled."


Rewardy Wallet Integrates 1inch Swap API to Enable Gasless, Optimized Token Swaps
HKEX’s Permissive IPO Rules Could Open Opportunities for Korea to Strengthen Its Position in International Listings
Nvidia CEO Jensen Huang Plans China Visit Amid AI Chip Market Uncertainty
Elon Musk Says Tesla Cybercab and Optimus Production Will Start Slowly Before Rapid Growth
ByteDance Finalizes Majority U.S.-Owned TikTok Joint Venture to Avert American Ban
South Korea Sees Limited Impact From New U.S. Tariffs on Advanced AI Chips
U.S. Lawmakers Demand Scrutiny of TikTok-ByteDance Deal Amid National Security Concerns
South Korea Seeks Favorable U.S. Tariff Terms on Memory Chip Imports
Apple China Holiday Sale Offers Discounts Up to 1,000 Yuan on Popular Devices
Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling
Intel Stock Slides Despite Earnings Beat as Weak Q1 Outlook Raises Concerns
Ericsson Plans SEK 25 Billion Shareholder Returns as Margins Improve Despite Flat Network Market
Morgan Stanley Flags High Volatility Ahead for Tesla Stock on Robotaxi and AI Updates
Microsoft Restores Microsoft 365 Services After Widespread Outage
Global DRAM Chip Shortage Puts Automakers Under New Cost and Supply Pressure 



