Potential offtaker

Tesla, Inc.

www.tesla.com

Estimated electricity consumption

N/A

Countries of production presence

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Tesla, Inc. is a leading American electric vehicle and clean energy company that is headquartered in Palo Alto, California. The company was founded in 2003 by Elon Musk, Martin Eberhard, Marc Tarpenning, JB Straubel, and Ian Wright, with the aim of accelerating the world's transition to sustainable energy. Tesla is primarily known for its electric vehicles, but it also produces energy storage systems and solar products.

Tesla's mission is to accelerate the world's transition to sustainable energy by offering products that are both environmentally friendly and affordable. The company's focus on decarbonisation is evident in its product offerings, which include electric vehicles, energy storage systems, and solar products. Tesla's electric vehicles are designed to reduce the carbon footprint of transportation, while its energy storage systems and solar products are designed to reduce the carbon footprint of energy generation.

Tesla's corporate energy strategy is centered around the use of renewable energy sources. The company has set a goal of using 100% renewable energy for its operations, and it has made significant progress towards achieving this goal. In 2020, Tesla reported that it had achieved a 100% renewable energy supply for its global operations, including its factories, offices, and charging networks.

One of the ways that Tesla has achieved its goal of using renewable energy is through the use of corporate power purchase agreements (PPAs). PPAs are contracts between a renewable energy developer and a corporate buyer, in which the buyer agrees to purchase a certain amount of renewable energy from the developer at a fixed price over a specified period of time. Tesla has entered into several PPAs with renewable energy developers to ensure a reliable and cost-effective supply of renewable energy for its operations.

In addition to using renewable energy for its operations, Tesla is also actively involved in the decarbonisation of the transportation sector. The company's electric vehicles are designed to reduce the carbon footprint of transportation by eliminating the need for fossil fuels. Tesla's vehicles are powered by electricity, which can be generated from renewable sources, such as wind and solar. By transitioning to electric vehicles, the transportation sector can significantly reduce its greenhouse gas emissions.

Tesla's commitment to decarbonisation and renewable energy has earned the company a reputation as a leader in the clean energy sector. The company has received numerous awards and accolades for its efforts, including being named one of the world's most innovative companies by Forbes in 2020.

In conclusion, Tesla, Inc. is a leading American electric vehicle and clean energy company that is committed to decarbonisation and the use of renewable energy. The company's focus on corporate energy and PPAs has enabled it to achieve a 100% renewable energy supply for its operations, while its electric vehicles are helping to reduce the carbon footprint of transportation. Tesla's commitment to sustainability has earned it a reputation as a leader in the clean energy sector, and the company is poised to continue making significant contributions to the decarbonisation of the global economy.