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May 7, 2015

Green Mountain Power to offer Tesla home battery

Rutland customers will be first to receive Powerwall storage technology

RUTLAND—Green Mountain Power recently announce that it will be one of the first energy companies in the country to offer Tesla’s new home battery, the Powerwall, to customers. Tesla, best known for its groundbreaking, fully electric cars, is taking its electric energy storage expertise to the next level with this energy storage solution for the home.

This innovation in battery technology will help Green Mountain Power deliver cost-effective, low-carbon and reliable energy solutions to its customers. The technology will empower customers to become more energy-independent while also allowing the company to reduce peak demand on the system, providing cost savings to all of its customers.

The Tesla home battery can be paired with small-scale solar equipment such as rooftop panels to store locally generated energy, or it can be used without solar as a battery to store power from the grid. During a storm or emergency, the battery is able to power essential parts of the home like lights, a refrigerator, and furnace. GMP will partner with customers to utilize the batteries during peak energy times to directly lower costs for customers by reducing transmission and capacity costs.

“This is a great example of how Vermont is leading the way with real-world solutions to a more sustainable future,” said GMP President and CEO Mary Powell. “We want to create a new definition of resiliency, where we move away from the 100-year-old grid system to a new electric system where energy is generated and used closer to home.”

GMP will begin receiving Powerwalls in October and rapidly deploy them to customers in Rutland, the “Energy City of the Future,” and then statewide. GMP will partner with business and residential customers by offering product incentives combined with on-bill financing to ensure customers can access these products and deliver the full value they bring to the grid.

“This is another important step in putting Vermont and Rutland on the map as energy leaders,” said Rutland Mayor Chris Louras. “We have seen some devastating storms in the city, including Tropical Storm Irene and the Nor’icane, and we appreciate all the work GMP is doing to help increase reliability and resiliency in our community through energy innovation, as with this new Tesla home battery offer.”

To learn more, visit www.teslamotors.com/presskit/teslaenergy or www.greenmountainpower.com/products-services/overview/powerwall/

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