Tag Archives: Tesla Motors

Tesla Motors’ battery announcement

The 7 Biggest Questions Ahead of Tesla’s Battery Announcement

Tesla Motors Inc. will introduce its line of energy-storage products Thursday night at the company’s design studio in Hawthorne, California. Select Tesla car owners, utility executives and representatives of the solar industry are among those with invitations. The company will announce both a home battery and a “very large utility scale battery,” it said in a note to investors last week. Chief Executive Officer Elon Musk has been dropping hints for weeks, drumming up intrigue about “The Missing Piece.” Here’s what to look for in the two-part announcement:

1. Who Markets Home Battery?  
Tesla has already installed roughly 300 batteries in California homes through a pilot project with SolarCity Corp., where Musk is chairman. Will SolarCity continue to be the channel to the residential market for Tesla’s home battery? Or will Tesla offer its batteries to other solar companies hoping to pair solar and storage?

2. Big Enough for Utilities?
In the utility market, a 1-megawatt system is widely viewed as the entry point for most storage applications. So what does Tesla mean when it says “very large?” “In the battery industry, 5 megawatts or 10 megawatts is huge,” says Haresh Kamath, the energy storage program manager at the Electric Power Research Institute in Palo Alto, California. “But for a utility, that’s small. If Tesla comes out with a 20-megawatt system, that would be enough to get the utility industry excited.”

Read more » Bloomberg
See more » http://www.bloomberg.com/news/articles/2015-04-30/the-7-biggest-questions-ahead-of-tesla-s-big-announcement

Tesla Motors Announces A New Home Battery; Living Off The Grid Will Soon Be Status Quo

Elon Musk, CEO of Tesla Motors, announced Wednesday that the company is working on a new kind of battery that would be used to power homes. Based on Tesla’s lithium-ion battery technology, the new battery is expected to help the company become a leader in the growing home energy-storage market.

Speaking during an earnings conference call on Wednesday, Musk said that the design of the battery is complete, and production would begin in about six months. Although the company did not provide any date for the product’s launch, Musk said that he was pleased with the result.

“We are going to unveil the Tesla home battery, the consumer battery that would be for use in people’s houses or businesses fairly soon,” Bloombergquoted Musk as saying.

During an earnings call last year, Musk had talked about his plans to make a product that would be fitted into consumers’ homes, instead of their cars. He had expressed an interest in the home energy-storage market and predicted enormous demand for battery systems for backup power at both homes and businesses.

“We are trying to figure out what would be a cool stationary (battery) pack,” Forbes had quoted Musk as saying at the time. “Some will be like the Model S pack: something flat, 5 inches off the wall, wall mounted, with a beautiful cover, an integrated bi-directional inverter, and plug and play.”

The Palo Alto, California-based automaker already produces residential energy-storage units through SolarCity Corp., a solar-power company that names Musk as its chairman and the biggest shareholder. In addition, Tesla’s Fremont, California, facility also produces large stationary storage systems for businesses and utility clients, Bloomberg reported.

“The long-term demand for stationary energy storage is extraordinary,” JB Straubel, Tesla’s chief technical officer, said. “We’ve put in a huge amount of effort there.”

At this moment, many solar or wind-powered homes have to remain on a the grid because there has not been a way to store extra power for lean hours. If given a relatively cheap and reliable battery to hold the power needed, building off-grid in the country will become commonplace, and even in the city, self powered homes could be a less expensive option than being grid-tied.

Courtesy: Off Grid Quest
Read more » http://offgridquest.com/news/tesla-motors-announces-a-new-home-batter