Tesla Motors Announces A New Home Battery; Living Off The Grid Will Soon Be Status Quo
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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.
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.
Now who's ready to fire their monopoly power company?