Swarming & The Power of 1M EVs/Teslas On Our Roads

Too Long; Didn't Read

<a href="https://www.bloomberg.com/news/articles/2017-07-31/driving-tesla-s-model-3-changes-everything" target="_blank">To much fanfare</a> and the customary adulation, on Friday July 28th, Elon Musk handed over thirty (30) <a href="https://hackernoon.com/tagged/tesla" target="_blank">Tesla</a> Model 3 electric vehicles (EVs). The expectation is that close to 500k of these will be delivered over the next 2 years. To make that happen, <a href="https://www.ft.com/content/463e6db4-7b90-11e7-ab01-a13271d1ee9c" target="_blank">Tesla might raise $1.5Bn through bonds</a>. While it’s a big step in bringing EVs mainstream — and the impact on the transportation industry is oft discussed- the impact on the utility industry will be almost as profound. In particular, the commoditization of electric vehicles (if you can call 500k units that) will impact the utility industry in forcing adoption of <a href="https://www.greenbiz.com/article/get-ready-virtual-power-plants" target="_blank">virtual power plants</a> quicker than the traditional utilities planned to. Tesla, while still a blip on the utility radar — <a href="https://www.google.com/finance?catid=us-TRBC%3A5910101010&amp;sort=MARKET_CAP&amp;ei=NfuJWZmtGNabmAH4v6fAAg" target="_blank">the sector has over 50 companies with 4Bn-60Bn</a> in market capitalization — will become even scarier to the utilities because of a concept called Swarming.