Tesla’s batteries to power two dozen Calif. office buildings

A California real estate development company plans to install Tesla batteries in nearly two dozen of its highest profile offices in the Los Angeles area.

The Irvine Company, a Newport Beach-based developer that is a dominant landlord in Orange County, said the deal with Advanced Microgrid Solutions (AMS), will save it as much as $1 million a year in energy expenses.

San Francisco-based AMS, a renewable energy company, will install Tesla’s commercial-grade battery, called the Powerpack, which stores 100 kilowatt hours (kWh) of power and retails for $25,000 each.

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