| Tesla is on to the next big thing with a consumer grade off-grid energy solution
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18 Feb / Tesla is on to the next big thing with a consumer grade off-grid energy solution

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Tesla is working on a battery that can power your home and even help large-scale utilities store energy more efficiently, according to company chief executive Elon Musk. On an investor call Wednesday, Musk said the designs for a home or business battery are already complete and will likely be unveiled to the public “in the next month or two.” Production could be as little as six months away, he added. While there’s no word yet on price, Tesla’s battery and charging technology could ultimately wind up saving you money on your electric bill. Although many of today’s homes draw energy directly from the electricity grid, the spread of cheap solar panels means it’s never been easier to generate some of your own energy. Storing renewables efficiently has been a big bottleneck for consumers and for utilities alike, but if Tesla’s stationary battery takes off, it could change the way electricity is priced and traded on a market scale. (For years, it’s been many people’s dream to sell excess energy back to the grid.)

For the millions of consumers frustrated with their power companies thanks to frequent outages and poor customer service, the batteries could be a boon. In general, the choices for how people power their homes is relatively limited. Most have to rely exclusively on their local utility providers. Getting a generator can be expensive — some homeowners pay around $20,000 for back-up generators that run on natural gas. So Tesla is eyeing a market that might be ripe for innovation. 

SOURCE: WASHINGTON POST

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