Changing the face of Solar Power Storage for Home or Business.
“We are going to unveil the Tesla home battery, the consumer battery that would be for use in people’s houses or businesses fairly soon,” Chief Executive Officer Elon Musk said during an earnings conference call with analysts Wednesday.
Combining solar panels with large, efficient batteries could allow some homeowners to avoid buying electricity from utilities. Morgan Stanley said last year that Tesla’s energy-storage product could be “disruptive” in the U.S. and in Europe as customers seek to avoid utility fees by going “off-grid.” Musk said the product unveiling would occur within the next month or two.
The production of the battery is set to begin in the next 6 months. Lithium-ion technology is popular because the “li-on” batteries are great with energy density; a LIB setup can pack a lot of power into a very small space. According to MIT researchers, “Li-on” batteries offer sufficient charge times and a high number of discharge cycles before they die.
In other words, living off the grid will become a more viable and sustainable option when Tesla Motors unveils their new kind of batteries used to power home by storing wind and/ or solar energy.