With the beginning of Tesla Model 3 manufacturing reportedly slated to begin less than a half year from now, the status of Tesla’s manufacturing ramp-up is something to keep a close eye on. Related to this, the status of development at the company’s Gigafactory in Nevada is important to the achievement of the company’s long-term production plans and profitability.
As part of its rapid expansion push following an unprecedented number of $1,000 deposits for the Model 3, Tesla has secured a further $500 million in borrowing capacity from its lenders through newly amended agreements, according to recent reports.
The US Energy Department is looking for cutting edge “breakthrough” technology to automate factories, deploy new materials, and save energy.
The city of Fremont, California, has approved Tesla’s plans to drastically expand its production facility there, as a means of keeping up with ongoing growth demands.
A multi-million pound investment from Danish offshore wind power giant DONG Energy has supported Korean wind turbine manufacturer CS Wind in building a new offshore tower manufacturing facility in Campbeltown, Scotland, continuing the UK’s increasing offshore wind energy manufacturing dominance.
Tesla and SpaceX CEO Elon Musk has been appointed to President-Elect Donald Trump’s Strategic and Policy Forum, which is intended to function as an advisory board for the president on business issues, according to a new press release.
New research carried out by the UK’s manufacturing sector has concluded the sector has untapped potential to increase energy efficiency which could lead to a 12 TWh reduction in annual electricity consumption.
The global solar PV inverter market has concentrated significantly of late, with new figures from GTM Research showing that the top 10 inverter manufacturers accounted for 80% of global shipments in the first half of 2016.
Struggling China-based solar PV manufacturer Yingli Green Energy has confirmed its own low expectations for its third quarter, reporting lackluster revenue and shipments, and an operating loss of $34 million. Unsurprisingly, the company also lowered its shipping guidance for the full year 2016.
One of America’s leading solar energy companies has announced the details of a restructuring plan which will cut its global workforce by 25%, close a 700 MW manufacturing facility, and reduce 2017 capital expenditure — a plan to which investors have reacted relatively positively, with company shares increasing by 14%.
