Meralco explores battery venture with TeslaPower utility firm Manila Electric Company (Meralco) is setting in motion discussions with American electric car giant Tesla Motors for prospective tie-up venture on batteries. It is worth noting that Tesla remarkably gained market foothold on its diversification to battery production recently. “We just had teleconference last week, we just agreed that they (Tesla executives) come over and have a visit,” he stressed. Whether in developed power markets or in their emerging counterparts, a viable regulatory framework for innovative battery energy storage has remained a puzzle or a ‘work-in-progress’ to the industry. The American chief regulator has reiterated market projections that the cost of energy storage will trail downtrend, “but the question is: how quickly those prices are going to drop?

Source: Manila Bulletin August 29, 2016 14:15 UTC