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Which new Tesla product has $1 billion-worth, and 100,000 in orders? No it’s not Tesla’s soon-to-be shipped electric SUV, the Model X, but it’s Tesla’s new grid battery business, which it calls “Tesla Energy.” 638 more words
Powerwall: a rechargeable lithium-ion battery product for home use.
The Powerwall’s main function stores electricity for domestic consumption, load shifting, and backup power. The company states it as “a suite of batteries for homes, businesses, and utilities fostering a clean energy ecosystem and helping wean the world off fossil fuels”. 114 more words
Tesla’s CTO JB Straubel predicts that low cost batteries will transform transportation and access to electricity over the next decade. In a wide ranging talk at a solar conference in San Francisco Monday night, Straubel described a future in which all vehicles (other than planes and rockets) are powered by batteries, and new electricity systems are built with solar panels combined with batteries. 717 more words