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Tesla Motors Announces New Home Battery That Powers Your Home Off Grid

Friday, February 20, 2015 12:22

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(Before It's News)

Tesla Motors’ Elon Musk has announced a new home battery that could take your home off the grid. The battery will use Tesla’s own lithium-ion battery technology and will act as a battery backup and energy storage device. This is a game changer in the energy industry and could very well put an end to the century old utility companies and their monopolistic stranglehold on energy production and storage.

“We’re going to unveil the Tesla home battery [indiscernible] consumer battery that will be for use in and [sic] people’s houses or businesses, fairly soon. We have the design done and it should start going into production probably about six months or so. We probably got a date to have sort of product unveiling, it’s probably in the next month or two. It’s really great. I’m really excited about it.” ~ YouTube

“Elon Musk, CEO of Tesla Motors, announced Wednesday that the company is working on a new kind of battery that would be used to power homes. Based on Tesla’s lithium-ion battery technology, the new battery is expected to help the company become a leader in the growing home energy-storage market.”
RawStory.com: Tesla to unveil new battery to power homes, says Elon Musk

The Verge says “Elon Musk’s electricity empire could mean a new type of power grid”
TheVerge: Why Tesla’s battery for your home should terrify utilities

“Tesla’s founder, Elon Musk, sees the $5 billion facility as a key step toward making electric cars more affordable, while ending reliance on oil and reducing greenhouse gas emissions. At first blush, the push toward more electric cars looks to be positive for utilities struggling with stagnant sales from energy conservation and slow economic growth.

Yet Musk’s so-called gigafactory may soon become an existential threat to the 100-year-old utility business model. The facility will also churn out stationary battery packs that can be paired with rooftop solar panels to store power. Already, a second company led by Musk, SolarCity Corp., is packaging solar panels and batteries to power California homes and companies including Wal-Mart Stores Inc.” ~ Bloomberg: Musk Battery Works Fill Utilities With Fear and Promise