Musk moves to combine EVs, batteries, solar
jeffrey ryser and mark watson | megawatt daily | 23 june 2016
PA's Zach Pollock, an energy and utilities expert, is quoted in an article in MegaWatt Daily. The article offers insight on Tesla's bid to acquire SolarCity.
Commenting on the proposed merger, Zach explains: “It is clear from various regulatory and market reforms that solar compensated at retail net metering rates will not exist in perpetuity and this revenue uncertainty is being reflected by the market.”
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Zach continues: “Tesla’s energy storage offerings, and understanding of the electric vehicle market and related infrastructure will complement SolarCity’s competencies as a leading installer of distributed PV.”
Zach concludes: “Collectively, these solutions may provide incremental shareholder value as the companies transform into a diversified provider of integrated energy solutions.”