Elon Musk’s Tesla enters new terrain, announces batteries for home and businesses

Elon Musk's Tesla has entered a completely new segment. The company has announced two sets of lithium ion-based battery packs.

By: Tech Desk | Updated: May 1, 2015 2:02 pm
Tesla, Tesla Powerwall, Powewall, Powerbank, Tesla’s Powerwall at the launch event. (Source: Associated Press)

After having created the best electric cars the world has ever seen, Elon Musk’s Tesla has entered a completely new segment, one in which it could again be a game changer. The company has announced two sets of lithium ion-based battery packs — the Powerwall for the home and Powerpack for business users.

The Powerwall, as the name suggests, goes on a wall in the home and can connect to a solar panel. It will act as a storage for backup power from the panel, as well as full power backup during outages. While the company claims that it can even power the Tesla cars, the emerging markets might want to use it just for the power back up.

The company says Powerwall bridges the “gap between renewable energy supply and demand by making your home’s solar energy available to you when you need it”. In countries like the US, it will let consumers charge the pack when power rates are low and use this power instead of the grid when the rates are high.

The company has started taking pre-bookings for the Powerwall, which will start selling this Summer. The Powerpack is like a larger version of the Powerwall, but more details are awaited. The price of the business version has not been revealed as it will be available only later this year.

The Powerwall installers will be priced $3500 for 10kWh and $3000 for 7kWh.

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