Tesla is now extending its resale value guarantee to customers in Hong Kong. Owners will be able to sell back their Model S between 36 to 37 months after purchase for 75 percent of the base price plus 65 percent of any options. Hong Kong is the most recent market to get the guaranteed resale program. It began in the US in 2013, and was extended to Europe, Australia and Japan earlier this year. The program provides more buyer confidence, and more revenue for Tesla from selling used cars. Read more at Hybrid Cars.

Tesla will install a stationary energy storage system at the College of Marin in California. The college will get $5.3 million in government incentives to install a new lithium-ion battery pack, liquid thermal control system, solar inverter and software to control the system. Installation is expected to be finished by the end of June, and the school expects $100,000 to $150,000 a year in energy savings. "As a college committed to innovation and sustainable practices, we are thrilled to be partnering with a company that is on the forefront of advancing energy alternatives," says College of Marin Superintendent/President David Wain Coon. Read more in the press release below.

Wrightspeed has announced its new Fulcrum 80-kW range extending turbine generator for electric vehicles. Capable of burning diesel, biodiesel, CNG, LNG, propane, kerosene, heating oil, and other fuels, the Fulcrum meets CARB standards without the need of a catalytic converter. It weighs 250 pounds and has a lifetime of 10,000 hours. "The Fulcrum, together with our range-extended EV architecture, is perfectly suited for achieving maximum efficiency in extremely high-power stop-and-go applications, such as garbage trucks," says Wrightspeed CEO Ian Wright. "For many of the same reasons that aviation changed from piston engines to turbines decades ago, we believe turbines will begin to replace piston engines in range-extended electric vehicle applications." It's been a long journey. Read more at Green Car Congress, or in the press release from Wrightspeed.

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College of Marin Announces Partnership with Tesla Motors

New Sustainable Energy Source Anticipated to Create Significant Cost Savings

KENTFIELD, Calif., May 1, 2015 /PRNewswire/ -- Last night Tesla Motors, Inc. held a live presentation at Tesla Design Studio in Los Angeles. During the event Tesla Chief Executive Officer Elon Musk and Chief Technology Officer JB Straubel unveiled a new Tesla battery that has home, commercial/industrial, and utility-scale storage applications.

College of Marin holds the distinction of being the first community college in California partnering with Tesla to install the new stationary storage products on campus. "As a college committed to innovation and sustainable practices, we are thrilled to be partnering with a company that is on the forefront of advancing energy alternatives," Coon said.

Being selected as a site for the energy storage systems comes with $5.3 million in government incentives that will cover site preparation costs and installation of the lithium-ion battery pack, liquid thermal control system, and software that receives dispatch commands from a solar inverter. Concrete slabs will be installed behind the Student Services Building at the Kentfield Campus and near the Main Building at the Indian Valley Campus.

Vice President Greg Nelson expects installation to begin in mid-May and last until the end of June. Once the stationary batteries are operational, Nelson estimates the cost savings to be anywhere from $100,000-$150,000 annually for the College.

"Leveraging existing relationships made this new partnership possible. Through collaboration with our friends at Marin Clean Energy, we were able to meet the program qualifications and embark on this new venture with Tesla that has been nine months in the making. This takes College of Marin to the next stage of energy conservation, moving the College forward as a leader in sustainability. I believe this program will grow, creating opportunities for other community colleges throughout the country," Nelson said.

"We are proud to partner with Tesla and others in this innovative pilot project," said Board of Trustees President Wanden Treanor. She also emphasized how this partnership reflects the Trustees commitment to ensuring sustainability was a key component of the facilities bond planning. "College of Marin is honored to help prove the potential for this new energy source while at the same time generating considerable savings to the College's energy bill. It is another step toward realizing a promise we made to the residents of Marin."

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