Tesla Battery Day: Remaking the Entire Ecosystem

Tesla's Battery Day promises big advances; Daimler Benz announces solid state battery; CA PUC updates Rule 21 for DER Interconnections; China pledges net zero by 2026

1) Musk and team lay out manifesto for cutting battery prices by 50%, down to about $50 per kWh, focusing on multiple targets from the battery architecture, use of solid electrolyte, redesign of plant, and sourcing of raw materials. Tesla plans to scale from 100 GWh to 3,000 GWh or 3 TWh.

2) Daimler Benz announces a solid-state battery for its articulated bus, the eCitaro G.

3) California's PUC updates rule 21, governing the connection of DERs (hosting capacity) to the grid, incorporating data on actual grid conditions at interconnection points, and special rules for batteries.

4) China pledges carbon neutrality by 2060. It's currently responsible for 28% of global greenhouse gas emissions. China now has a net zero pledge and the US does not.