Correction: Switzerland's Energy Vault, the third party to the deal did release the news on BusinessWire:
NV Energy Selects Energy Vault for 440 MWh Energy Storage System in Nevada
Original post:
Re: Berkshire's ownership of BYD, they've sold off 95 million of the original 225 million-share position but still hold 130.3 million shares.
Re: NV Energy, it is the successor to the old Sierra Pacific Resources + Las Vegas-based Nevada Power and part of the Berkshire Hathaway Energy stable of utilities and transmission (including a lot of gas pipe) assets.
From CnEV Post, February 7:
BYD to begin construction of 543 MWh energy storage system in Las Vegas in Q2
BYD has launched the deployment of the project, which will begin construction in the second quarter and is expected to be in commercial operation by the end of the year.
BYD has launched the deployment of a 543 MWh Cube Pro liquid-cooled energy storage system in Las Vegas, with construction set to begin in the second quarter of 2023 and commercial operation expected by the end of the year.
The Chinese new energy vehicle (NEV) and battery giant revealed the information in a February 6 press release, saying the project will help Nevada's largest power provider achieve its goal of zero carbon emissions by 2050.
BYD did not mention the name of the customer, though Nevada's largest power provider is NV Energy, owned by Warren Buffett's Berkshire Hathaway Energy.
BYD is also a Warren Buffett-backed company, and the legendary American investor first bought BYD shares through Berkshire Hathaway Energy in September 2008 and first reduced his holdings on August 24, 2022.
The Las Vegas project aims to store and dispatch excess renewable energy sources such as wind and solar....
....MUCH MORE
HT: Electrek named CnEV as the source for their story on the deal.
And the reason for this ramble:
Starts with a T …
— Elon Musk (@elonmusk) February 26, 2023
In addition to the vehicles Mr. Musk is building a pretty big energy storage division.
