Technology News

Elon Musk Unveils Tesla’s New Batteries Designed To Power Your Home And Business

Elon Musk

Billionaire entrepreneur Elon Musk’s Tesla Motors company has introduced the world to its sleek new $3,500 Powerwall — a wall-mounted energy storage unit capable of powering a home.

The company also plans to unveil a business-based battery-storage system, called the Powerpack, though the price for this system has not been released yet. Tesla is already taking orders for its residential system, but according to a Live Science report, the products won’t ship until late summer.

The boxes — which are about 33 inches (0.8 meters) wide, 51 inches (1.4 m) tall and 7 inches (17.8 centimeters) deep — are not only designed for easy installation, they’re also capable of connecting to the Internet— enabling users to monitor their power usage.

Musk plans to manufacture the batteries in the U.S., at the “gigafactory” located just over California’s border in Nevada. He is not waiting for new technology, but instead scaling up the tried and true lithium-ion battery. Experts have indicated that the technology is probably the same or similar to that found in Tesla’s Model S car.

The wall unit, according to Tech Central, is able to store 10kWh of electric energy, which it’s able to deliver at an average of 2kW; this translates into an electricity price of around $500/kWh — less than half current costs, as estimated by the Deutsche Bank.

This means that the Powerpack is able to deliver energy at around $.06/kWh for the householder, meaning a domestic system plus storage would still come out ahead of coal-fired power delivered through the conventional grid.

[quote text_size=”small” author=”– Elon Musk” author_title=”Tesla Motors CEO and Product Architect”]

Our goal is to fundamentally change the way the world uses energy


A recent news report here on Immortal News indicates Tesla Motors is one step closer to a car with autonomous capabilities.

What do you think of Tesla’s new batteries intended to power both homes as well as businesses?

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