The co-founders of SolarCity have resurfaced on the global stage and they have a new pet project that also happens to be powered by the sun. Brothers Lyndon and Peter Rive, who are also cousins to Tesla and SpaceX CEO Elon Musk, were brought into the fold at the rapidly growing solar-plus-storage company ZOLA Electric.
SolarCity announced earlier this month that it intended to begin cutting jobs in an attempt to streamline the company’s business following lower-than-expected quarterly results and forecasted guidance. To soften the blow, somewhat, SolarCity’s co-founders, brothers Lyndon and Peter Rive, asked the board to reduce their salaries from $275,000 per year to … [continued]
Lyndon Rive and Peter Rive, co-founders of the leading US solar developer, SolarCity, will take an extreme pay cut ahead of planned job cuts to streamline the company’s business in the wake of lower than expected PV installations for 2016. As reported earlier this month, SolarCity posted a net loss … [continued]
Originally published on SolarLove. Speaking to analysts and investors during the Q2 earnings call for SolarCity on August 9, Elon Musk went into detail about his plans for what he calls the “Solar Roof.” It is not a system of solar panels mounted over an existing roof but the actual … [continued]
(Full Disclosure: I own stock in both TSLA and SCTY, because I think they have strong long-term competitive advantages and are leaders in bringing us into a cleaner, safer future. I do not intend to influence stock prices with this article or any others, and I do not anticipate that … [continued]
Check out the following wind and solar news if you haven’t gotten enough of a fix from CleanTechnica‘s wind and solar coverage. Wind News Innovations for Higher Turbine Capacity Factors Towers are getting taller, controls more intelligent, and ultrasound can now be used to measure wind velocity while we wait for … [continued]
The country’s largest residential solar installer and financier, SolarCity, will eventually begin offering a system that includes storage as its “basic offering,” according to the company’s co-founder and CTO Peter Rive. Unsurprisingly, these systems would very likely make use of battery-based energy storage technology provided by SolarCity’s sister organization Tesla … [continued]
PV Solar Report By Rosana Francescato SolarCity has announced its acquisition of Silevo, a solar technology and manufacturing company. The acquisition makes SolarCity a fully vertically integrated company, joining just a few others in the U.S. SolarCity is looking to the future, and the company sees a bright future for … [continued]
