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Tesla wants its batteries to power your house, too

by Jacob Kleinman | February 12, 2015February 12, 2015 7:30 am PST

elon-musk-tesla

Tesla’s lithium-ion batteries already power its popular electric cars, but the company has even bigger plans for the energy efficient technology. Speaking at an earnings call on Wednesday, CEO Elon Musk announced plans to offer a battery for your home before the end of the year.

“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,” Musk said. He also promised that production on the batteries should kick off within the next six months, though the company is still finalizing a design for the new product.

The batteries could then be combined with solar panels to power your home completely. There’s no word on how much it might cost, but in the long term you’ll likely save money by disconnecting from the traditional power grid.

Tesla actually offers a similar setup already through SolarCity, another company also run by Musk, and the car-maker even sells larger lithium-ion batteries for businesses. However, the market for this kind of technology is just starting to grow, giving Tesla a huge opportunity to expand beyond car sales.

If Musk can pull this off it may not be too long before powering your house with clean renewable energy becomes the norm. At the very least, it could be a lot easier thanks to Tesla.

Bloomberg

Jacob Kleinman

Jacob Kleinman has been working as a journalist online and in print since he arrived at Wesleyan University in 2007. After graduating, he took a...

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