— CNBC (@CNBC) May 1, 2015
Elon Musk has got one thing right: so many batteries today are awful, with lifespans that seem consistently shorter, and prices that are always higher. But in his effort to move ever closer towards an age of sustainability, Musk has just released the newest innovation in green energy.
The Powerwall is a home battery that charges itself via solar panels (and occasionally from the power grid when utility costs are low). The stored energy would power homes and businesses throughout the evening while serving as a reliable a backup during power outages and other undesirable situations.
This newly unveiled renewable energy source marks Tesla Motor Inc.’s first attempt to break into the competitive market of stored energy.
— StockTwits (@StockTwits) May 1, 2015
The batteries, which can come by themselves or in packs (including the scaled industrial Powerpack size for companies), are designed to be easily installed and long lasting, coming with a ten year warranty. Meant to be mounted on walls, the standard battery is about four feet tall, three feet wide, and seven inches deep. Prices start at $3,000 for 7 kilowatt-hour models and $3,500 for 10kWh models. Interested customers can reserve a battery now, and Musk says shipments will begin this summer.
Would you give the Powerwall a try?
— CBC Marketplace (@cbcmarketplace) May 1, 2015
How much is Tesla asking for this step towards sustainable energy at home and in the workplace?