We all know Tesla makes very cool cars — but the company will now be a major player in the energy industry with the announcement of Tesla Energy for businesses and Utilities. The company did this by debuting it’s latest product the Powerwall.
Tesla describes the Powerwall as a home battery that charges using electricity generated from solar panels, or when utility rates are low, and powers your home in the evening. It also fortifies the owner’s home against power outages by providing a backup electricity supply.
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It is automated, compact and simple to install. Tesla says the Powerwall offers independence from the utility grid and the security of an emergency backup.
“I really hope that in the coming months we learn there is something that truly sets this battery apart from current lithium ion technology. The key to this product’s success will be reliability and it’s integration with current power systems. I do think one of the great advancements comes in the ability for the battery to pull power from the grid at off peak times to lower costs.”
— commented Derick Ajumni, Founder and Editorial Manager of PVBuzz.
As far as Tesla Energy is concerned, this unit will aim to assist businesses reduce peak demand charges, shift energy consumption profiles, and participate in available grid markets.
For utilities, Tesla Energy solutions will provide turn-key, fully integrated systems, designed for long life and to serve a wide array of applications.
The Powerwall will cost $3500 for 10kWh and $3000 for 7kWh which is Tesla’s selling price to installers; prices for businesses haven’t been made public as of yet.
In a comment on how they get installed, “We’re working with certified installers for the Powerwall,” Elon Musk said. “It’s designed to be easy to install, with two people in maybe a half an hour to an hour.”
The company added that the Tesla Powerwall battery can now be ordered online but they’re not slated for release until late summer. The Powerpack (business version) will become available later this year. They’ll be making a larger push with businesses in 2016.
The basic specs for the home version are : Energy: 7kWh or 10kWh, Continuous Power: 2kW, Peak Power: 3kW, Round Trip Efficiency: >92%, Operating Temperature Range: -20C (-4F) to 43C (110F), Dimensions: H: 1300mm W: 860mm D:180mm.