Tesla CEO Elon Musk’s widely anticipated battery storage announcement last week provided much interest, including a new business Tesla Energy and its home and business/grid battery lines Powerwall and Powerpack, writes Jonathan Spencer Jones, contributing editor to Engerati, the sister portal to Metering.com.
Little detail is available yet on Powerpack, and unsurprisingly it is Powerwall, with its massive sales potential, that is attracting the lion’s share of interest.
The lithium-ion battery will be available in two sizes, 7kWh and 10kWh, with the former recommended for daily cycle applications and the latter for backup.
With an Apple-style eye on aesthetics, these are “beautifully functional”, according to Tesla’s website. And their prices, respectively US$3,000 and US$3,500, are equally striking, even with installation costs and profits and the inverter that must be added.
Very much in the spirit of its namesake, the physicist and engineer Nikola Tesla, Tesla touts itself as “not just an automotive company, it’s an energy innovation company”.
It counts an impressive number of partners at the distribution, business and utility levels.
One of the most important of these, SolarCity, has already announced its intention to incorporate the new batteries into its offerings, including its new microgrid-as-a-service, opening up potential globally. [Engerati-Microgrids Now Available As A Service]
Tesla has made no secret of its vision of a battery in every home and its Gigafactory under development in Nevada will give it the power to potentially play a major role in achieving this.
With this latest announcement, Tesla has given the storage market a significant boost and other storage companies will need to step up if they wish to be major players.
More from Engerati
By moving remote-controlled outlet and light bulb switches onto a local wi-fi network, it’s possible to create a smart home for under US$100 with a new and innovative device called Hook.This enables existing electric home appliances to be controlled with your phone from anywhere in the world.
Public Service Company of New Mexico has , through energy saving programmes, saved their customers a fortune in electricity. But, the success of the energy efficiency programmes are posing a major financial concern as the programmes are eating away at utility revenues since customers are using less power and being paid impressive rebates.
Power management company Eaton has been awarded a $5.2 million contract to provide electrical installation services for the $6 billion Panama Canal Expansion.The resulting third lane of traffic will allow the passage of bigger vessels, which will double the canal’s capacity and have a major impact on world maritime trade.
A concerted effort is needed to phase out inefficient buildings from the European building stock. According to a new report from the EU’s Joint Research Centre (JRC) an EU renovation plan phasing out inefficient buildings from the European building stock while ensuring a sustainable economic recovery of the building sector is instrumental for reaching the 2020 climate goals.
Scaling up the Malagrotta smart grid demonstration to the whole of Rome would provide very positive cost benefits. The EU’s Joint Research Centre (JRC) finds that a scaling up of the Malagrotta pilot across Rome would provide an internal rate of return (IRR) of 16.6% with a net present value (NPV, year 2014) of €36-39 million.