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Rivian could get a $440M tax incentive for 2,000-acre Texas facility

Teslarati

Rivian could benefit from a $440 million tax incentive from the City of Fort Worth, Texas if it meets specific requirements. Rivian’s potential Texas factory promises to deliver at least $5 billion in direct capital investment and more than 7,500 new jobs to the city. . billion upon the first assessment.”.

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Tesla Model 3 Highland leases qualify for IRA tax credit loophole

Teslarati

The Texas-based automaker noted that the $7,500 EV lease incentive would be distributed across the lease term. Tesla calculated that Model 3 Highland lease payments would be $329 monthly, excluding taxes and fees. Commercial vehicles are not subject to the eligibility requirements as electric vehicles purchased for personal use.

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Texas goes big on solar + storage that can power 41,000+ homes

Baua Electric

Photo: Cypress Creek Renewables A 208-megawatt (MW) solar farm with 80 megawatt hours (MWh) of storage has come online west of San Antonio, Texas. Solar + storage developers Cypress Creek Renewables brought Zier Solar + Storage online in Brackettville, Texas, on May 2, 2024. Texas is No 1 in the US for solar capacity.

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With gas phase-out in view, Europe could lose $160 billion in fuel taxes

Teslarati

With Europe’s gas phase-out plans now within view, the countries there could be set to lose significant funding from fuel taxes in the coming years. Still, the change could have some latent effects, especially as most countries get crucial revenue from taxes on gas. What about in other countries?

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Texas installs another big solar + battery storage project

Baua Electric

Photo: Enel North America Power-hungry Texas needs solar and battery storage to help meet demand and balance the grid, so its largest utility-scale storage operator is delivering. Texas consumes more energy than any other state, and demand is growing. It’s expected to add more new grid battery capacity in 2024 – 6.4

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This 408-MW solar farm will be one of the largest in Texas

Baua Electric

Photo: Primergy Solar Solar developer Primergy Solar has closed commitments for $588 million in debt financing for a 408-megawatt (MW) solar farm south of Dallas–Fort Worth, Texas. Ash Creek Solar will provide around $100 million in tax payments to Hill County over its operating life. Get started here. –ad*

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Elon Musk asks Tesla shareholders to vote for incorporation move to Texas

Baua Electric

Elon Musk is in a full propaganda campaign to gain Tesla shareholder support against the court’s decision to rescind his CEO compensation plan and now announced that he is going to move for a shareholder vote on moving Tesla’s state of incorporation to Texas. Why was Tesla in Delaware in the first place? Tesla has nothing to do with Delaware.

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