Tesla invents a battery that could power your entire house, and maybe the electrical grid too

Tesla invents a battery that could power your entire house, and maybe the electrical grid too

By Brian Fung

In an investor call Wednesday, Musk said the designs for a home or battery business are now complete and will likely be unveiled to the public "in the next month or two." Production could be as little as six months away, he added.
"It's really cool. I'm so excited about it," Musk said.
While there's nothing on pricing yet, Tesla's battery and charging technology could ultimately end up saving you money on your electric bill. Although many of today's homes draw power directly from the electrical grid, the spread of cheap solar panels makes it easier than ever to generate a little of your own power.

Efficiently storing renewables has been a major bottleneck for consumers and utilities alike, but if Tesla's stationary battery takes off, it could change the way electricity negotiates its price on a scale. market. (For years, it has been the dream of many people to sell excess energy to the grid.)
For the millions of consumers frustrated with their energy companies thanks to frequent interruptions and poor customer service, batteries could be a big help. In general, the options for how people feed their homes are relatively limited. Most have to rely exclusively on their local utility providers. Getting a generator can be expensive - some homeowners pay around $ 20,000 for backup generators that run on natural gas. So Tesla is targeting a market that could be conducive to innovation.

Morgan Stanley made waves last year when it wrote that upcoming Tesla products could meet a huge market demand.
"There may be a tipping point that has customers looking for an off-grid solution," Morgan Stanley wrote last March. "As more customers move to solar, the remaining utility will increase, creating even more 'leeway' for the approach to the off-grid option that Tesla will offer."
Tesla is already preparing the ground to make sure its stationary batteries get as widely distributed as possible.
"A lot of utilities are working in this space, and we are talking to almost all of them," said Tesla CTO JB Straubel. "It is an early stage and many of these projects are far away, as the utility purchasing cycle is very long. But this is a business that is undoubtedly gaining an increasing amount of attention."

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Video: Tesla, Chapter 1 (August 2021).