Tesla has hit an important landmark in its Virtual Power Plant (VPP) business, paying out $9.9 million in the course of 2024 to Powerwall residential battery customers who participated in its various VPP schemes. This payment was split across 100,000 Powerwall owners who contributed stored energy back to the grid during high-demand periods. Individual participants earned between $300-575 annually per Powerwall, with some California customers receiving nearly $60 per grid event during peak summer demand. Tesla’s latest Powerwall 3 boasts a battery capacity of 13.5 kWh, with proportionally high power output capability of 11 kW and up to 20 kW solar input – high than previous versions of the product and indicating a greater emphasis on short-term response to grid…