Tesla announces batteries for home, grid

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.

About Wayne Barber 4201 Articles
Wayne Barber, Chief Analyst for the GenerationHub, has been covering power generation, energy and natural resources issues at national publications for more than 20 years. Prior to joining PennWell he was editor of Generation Markets Week at SNL Financial for nine years. He has also worked as a business journalist at both McGraw-Hill and Financial Times Energy. Wayne also worked as a newspaper reporter for several years. During his career has visited nuclear reactors and coal mines as well as coal and natural gas power plants. Wayne can be reached at wayneb@pennwell.com.