Tesla Motors, the maker of high-end electric cars, has announced its plans to commercialize batteries that would be able to power homes or businesses at times when the grid isn’t available.
“Now you’ll never have to worry about being out of power if there is an ice storm,” Tesla’s high-profile CEO Elon Musk said during a presentation that was webcast.
The cost of the product is $3,500, Elon Musk told a cheering crowd. Tesla hopes to become a leader in the emerging energy storage market. The product will be based on Tesla’s lithium-ion battery technology, according to news accounts of the event.
“What we are talking about tonight is a fundamental change in how the world works.” The batteries will deliver piece of mind during power outages, Musk said.
The new battery unit is divided into two separate products — the “Powerwall,” a home battery system, and the “Powerpack,” which is meant for businesses, industrial applications and public utility companies, according to news accounts.
The campaign was kicked off April 30 at a Tesla facility in California. The Tesla kickoff event was powered by batteries that were charged by solar panels, Musk said.