How Big of a Threat Is This Deal to Tesla?

How Big of a Threat Is This Deal to Tesla?
Welcome to a Biomedical Battery specialist of the GE Battery
Tesla Motors (NASDAQ:TSLA) has been driving hard over the past few years toward revolutionizing the auto industry, but an announcement it made earlier in the year presented a new direction.
Diversifying the uses for its battery technology, Tesla announced that it was entering the energy-storage market. As with its auto endeavors, Tesla faces strong -- some say overwhelming -- competition. Recently signing its third energy-storage deal of the year, General Electric (NYSE:GE) for example, is one company vying with Tesla for energy-storage market share.
What's the deal?
Inking its biggest battery with such as GE DASH2000 Battery, GE DASH 3000 Battery, GE DASH 2000 Battery, GE DASH 4000 Battery, GE DASH 5000 Battery, GE MAC500 Battery, GE MAC-1000 Battery, GE MAC 1100 Battery, GE MAC 1200 Battery, GE PRO 1000 Battery, GE PRO 1006 Battery, GE PRO 1008 Battery, GE PRO 1009 Battery, GE SCP 915 Batterydeal to date, GE will provide a 30 MW storage system to Coachella Energy Storage Partners in California --the company's third deal in 2015. In and of itself, is this crushing to Tesla? No, not necessarily, but it does suggest that the company is building momentum.
According to Jeff Wyatt, general manager of GE's solar and energy storage units: "GE is committed to the energy storage business. Our goal is to help our customers provide flexibility across the grid by combining our expertise in plant controls, power electronics, systems engineering, and fundamental battery knowledge."
GE's three 2015 projects are all utility-scale -- just one of the markets GE is addressing. Featuring its new Durathon batteries, it also has solutions for independent power producers, facility managers, microgrid, and telecom customers. But, thankfully for Tesla, there's one market missing -- residential. Nonetheless, GE sees this as a lucrative market. According to Reuters, Wyatt said GE "wants to be a 'sizable' player in the market for systems that store energy to manage power volatility." GE expects the market to grow to $6 billion by 2020.