Tesla partners with Vector NZ

While most of last week’s Tesla announcement was an open secret, a more closely guarded was the extent to which Tesla has started working with innovative utilities and others to demonstrate and distribute its batteries. To this list can be added Vector in New Zealand, which appears to be the first utility outside the US to partner with the company.

Vector, New Zealand’s largest energy service provider with more than 700,000 customers countrywide, is a strong promoter of residential solar energy, with innovative pricing options including leasing available. With the addition of storage on similar terms Vector will become one of the first utilities to offer such a combination and may catapult New Zealanders among the early leaders in using these technologies. It also reinforces our view that innovative partnerships within the industry such as this are the order of the day for utilities in facing the changing energy market.

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