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SolarCity
SolarCity Corporation was a publicly traded company headquartered in Fremont, California that sold and installed solar energy generation systems as well as other related products and services to residential, commercial, and industrial customers. The company was founded on July 4, 2006, by Peter and Lyndon Rive, the cousins of SpaceX and Tesla, Inc. CEO Elon Musk, and nephews of model Maye Musk. Tesla acquired SolarCity in 2016, at a cost of approximately $2.6 billion and reorganized its solar business into Tesla Energy. SolarCity heavily focused on door-to-door sales of leased systems, where customers would pay no upfront costs, but agreed to purchase the power generated by those panels from the company for 20 years. The business model became the most popular in the US and made the company the largest residential solar installer, but it caused SolarCity to have over $1.5 billion in debt by the time of its acquisition in 2016. Prior to its acquisition by Tesla, the two companie ...
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SolarCity Wordmark
SolarCity Corporation was a publicly traded company headquartered in Fremont, California that sold and installed Photovoltaics, solar energy generation systems as well as other related products and services to residential, commercial, and industrial customers. The company was founded on July 4, 2006, by Peter and Lyndon Rive, the cousins of SpaceX and Tesla, Inc. CEO Elon Musk, and nephews of model Maye Musk. Tesla acquired SolarCity in 2016, at a cost of approximately $2.6 billion and reorganized its solar business into Tesla Energy. SolarCity heavily focused on door-to-door sales of leased systems, where customers would pay no upfront costs, but agreed to purchase the power generated by those panels from the company for 20 years. The business model became the most popular in the US and made the company the largest residential solar installer, but it caused SolarCity to have over $1.5 billion in debt by the time of its acquisition in 2016. Prior to its acquisition by Tesla, the ...
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Tesla Energy
Tesla Energy is the clean energy subsidiary of Tesla, Inc. that develops, manufactures, sells and installs photovoltaic solar energy generation systems, battery energy storage products, as well as other related products and services to residential, commercial and industrial customers. The subsidiary was founded on April 30, 2015, when Tesla CEO Elon Musk announced that the company would apply the battery technology it developed for electric cars to a home energy storage system called the Powerwall. In November 2016, Tesla acquired SolarCity, in a US$2.6 billion deal, and added solar energy generation to Tesla Energy's business. This deal would prove to be controversial; at the time of the acquisition, SolarCity was facing liquidity issues. The company's current power generation products include solar panels (manufactured by other companies for Tesla), the Tesla Solar Roof (a solar shingle system), and the Tesla Solar Inverter. In addition to the Powerwall, the company also ...
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Tesla, Inc
Tesla, Inc. ( or ) is an American multinational automotive and clean energy company headquartered in Austin, Texas. Tesla designs and manufactures electric vehicles (electric cars and trucks), battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla is one of the world's most valuable companies and remains the world's most valuable automaker with a market capitalization of more than US$550 billion. In 2021, the company had the most worldwide sales of battery electric vehicles and plug-in electric vehicles, capturing 21% of the battery-electric (purely electric) market and 14% of the plug-in market (which includes plug-in hybrids). Through its subsidiary Tesla Energy, the company develops and is a major installer of photovoltaic systems in the United States. Tesla Energy is also one of the largest global suppliers of battery energy storage systems, with 3.99 gigawatt-hours (GWh) installed in 202 ...
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Elon Musk
Elon Reeve Musk ( ; born June 28, 1971) is a business magnate and investor. He is the founder, CEO and chief engineer of SpaceX; angel investor, CEO and product architect of Tesla, Inc.; owner and CEO of Twitter, Inc.; founder of The Boring Company; co-founder of Neuralink and OpenAI; and president of the philanthropic Musk Foundation. With an estimated net worth of around $139 billion as of December 23, 2022, primarily from his ownership stakes in Tesla and SpaceX, Musk is the second-wealthiest person in the world according to both the ''Bloomberg Billionaires Index'' and ''Forbes'' real-time billionaires list. Musk was born in Pretoria, South Africa and briefly attended at the University of Pretoria before moving to Canada at age 18, acquiring citizenship through his Canadian-born mother. Two years later, he matriculated at Queen's University and transferred to the University of Pennsylvania, where he received bachelor's degrees in economics and physics. He mo ...
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Lyndon Rive
Lyndon Rive (born 22 January 1977) is a South African businessman known as the co-founder of SolarCity, and its CEO until 2016. SolarCity is a provider of photovoltaic systems and related services. Rive co-founded SolarCity with his brother Peter in 2006. Rive started his first company at age 17 before leaving his native South Africa. He then co-founded the enterprise software company Everdream, which was ultimately acquired by Dell. In his spare time, Rive plays underwater hockey. Rive is a cousin of Elon Musk as their mothers are twin sisters. In 2010, Rive was named in the ''MIT Technology Review's'' Innovators Under 35 as one of the top 35 innovators in the world under the age of 35. After Tesla, Inc. acquired SolarCity in 2016, Rive announced in 2017 that he would leave the company and spend his time with his family along with further entrepreneurial activities, including working on a new startup. Awards In 2013, Rive was an Ernst & Young Entrepreneur of the Year ...
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GivePower
GivePower is a 501(c)(3) non-profit organization that develops clean water and energy systems in communities across the world. GivePower has installed 2,650 solar power installations in villages across 17 different countries and in underdeveloped areas of the United States. History GivePower was co-founded in 2013 in California by Hayes Barnard and Lyndon Rive as the non-profit branch of SolarCity, which was created in 2006 by Elon Musk. After SolarCity merged with Tesla in 2016, GivePower was spun off into an independent organization just before the merger was completed. The president of GivePower is Hayes Barnard. In 2014, the organization's first focus was to provide one school with solar-powered lighting for every megawatt of solar system installed by SolarCity that year. In 2021, GivePower was listed as a finalist in ''Fast Company ''Fast Company'' is a monthly American business magazine published in print and online that focuses on technology, business, and design. It ...
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Paramount Equity
GoodLeap, formerly Loanpal, is a Financial technology, finance technology company that provides financing options for the residential solar energy industry. The company was founded in 2003 as Paramount Equity and was later rebranded to Loanpal. In June 2021, the company rebranded to GoodLeap. As of 2020, the company was responsible for 41% of the solar loan market in the U.S. and is the top solar lender in the country. The company employs about 1,300 people. It has locations in Roseville, San Francisco, Irvine, California, Phoenix, Arizona, Phoenix, Kansas City, and Bentonville, Arkansas. History GoodLeap started as Paramount Equity Mortgage, founded in 2003 by Hayes Barnard, Jason Walker and Matt Dawson. The company was incorporated in California to provide residential mortgage loans. Although they launched in California's Sacramento Valley, the company quickly started branching out to other states and is now lending nationwide. In 2006, the founders launched an insurance com ...
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Net Metering In Nevada
Net metering in Nevada is a public policy and political issue surrounding the rates that Nevada public utilities are required to pay to purchase excess energy produced by electric customers who generate their own electricity, such as through rooftop solar panels. The issue centers around two policies: paying solar customers the "retail" rate versus the "wholesale" rate. Before 2016, Nevada utilities paid people with solar panels the “retail” rate for electricity. At the end of 2015, the Nevada Public Utilities Commission approved new rules that changed that rate to the "wholesale" rate. Background Under a setup known as net metering, utilities must buy excess electricity generated by people with solar panels. For example, on a sunny day, a home with solar panels generates power. If the homeowners are away and the home is using less electricity than the solar panels are generating, that excess electricity flows to the electric grid. The utility company purchases that electrici ...
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SpaceX
Space Exploration Technologies Corp. (SpaceX) is an American spacecraft manufacturer, launcher, and a satellite communications corporation headquartered in Hawthorne, California. It was founded in 2002 by Elon Musk with the stated goal of reducing space transportation costs to enable the colonization of Mars. The company manufactures the Falcon 9, Falcon Heavy, and Starship launch vehicles, several rocket engines, Cargo Dragon and Crew Dragon spacecraft, and Starlink communications satellites. SpaceX is developing a satellite internet constellation named Starlink to provide commercial internet service. In January 2020, the Starlink constellation became the largest satellite constellation ever launched, and as of December 2022 comprises over 3,300 small satellites in orbit. The company is also developing Starship, a privately funded, fully reusable, super heavy-lift launch system for interplanetary and orbital spaceflight. It is intended to become SpaceX's ...
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Photovoltaics
Photovoltaics (PV) is the conversion of light into electricity using semiconducting materials that exhibit the photovoltaic effect, a phenomenon studied in physics, photochemistry, and electrochemistry. The photovoltaic effect is commercially used for electricity generation and as photosensors. A photovoltaic system employs solar modules, each comprising a number of solar cells, which generate electrical power. PV installations may be ground-mounted, rooftop-mounted, wall-mounted or floating. The mount may be fixed or use a solar tracker to follow the sun across the sky. Photovoltaic technology helps to mitigate climate change because it emits much less carbon dioxide than fossil fuels. Solar PV has specific advantages as an energy source: once installed, its operation generates no pollution and no greenhouse gas emissions, it shows scalability in respect of power needs and silicon has large availability in the Earth's crust, although other materials required in PV sys ...
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EBay
eBay Inc. ( ) is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995 and became a notable success story of the dot-com bubble. eBay is a multibillion-dollar business with operations in about 32 countries, as of 2019. The company manages the eBay website, an online auction and shopping website in which people and businesses buy and sell a wide variety of goods and services worldwide. The website is free to use for buyers, but sellers are charged fees for listing items after a limited number of free listings, and an additional or separate fee when those items are sold. In addition to eBay's original auction-style sales, the website has evolved and expanded to include: instant "Buy It Now" shopping; shopping by Universal Product Code, ISBN, or other kind of SKU number (via Half.com, which was shut down in 2017); and ...
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Intel
Intel Corporation is an American multinational corporation and technology company headquartered in Santa Clara, California. It is the world's largest semiconductor chip manufacturer by revenue, and is one of the developers of the x86 series of instruction sets, the instruction sets found in most personal computers (PCs). Incorporated in Delaware, Intel ranked No. 45 in the 2020 ''Fortune'' 500 list of the largest United States corporations by total revenue for nearly a decade, from 2007 to 2016 fiscal years. Intel supplies microprocessors for computer system manufacturers such as Acer, Lenovo, HP, and Dell. Intel also manufactures motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphics chips, embedded processors and other devices related to communications and computing. Intel (''int''egrated and ''el''ectronics) was founded on July 18, 1968, by semiconductor pioneers Gordon Moore (of Moore's law) and Robert Noyce ( ...
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