What do you really get for a $7,000 Tesla home battery?

NEW YORK (AP) — Elon Musk, the star CEO of the electric car company Tesla Motors and the rocket company SpaceX, staged an elaborate event last month to unveil a new product. Not a sleek new luxury car. Not a rocket that can ferry people to Mars. A home appliance — a battery — that can be mounted on a garage wall and ignored.

The reason for all the excitement is because of what batteries like these might someday do. They may make the electric power grid more robust and able to handle increasing amounts of wind and solar power. In conjunction with rooftop solar systems, batteries may help homeowners reduce their electric bills. And some homeowners, like Mike Thielen — who installed a Tesla battery prototype last year in his Redondo Beach, California, home as part of a state home storage testing program — would like to use them to say goodbye to their electric utility forever.

Tesla home battery announcement making global waves

The New York Times

Tesla’s announcement that it was entering the home energy storage business has attracted interest around the world, The New York Times reports.

Tesla battery has strong rollout


Blommberg's done the math and says Tesla has rolled up about $800 million in battery orders since it announced its product a week ago.

Tesla's Nevada battery plant ahead of schedule, Musk says


Tesla Motors' battery plant under construction in Sparks, Nev., is ahead of schedule, CEO Elon Musk told investors Wednesday, as the company plans to begin production of auto and home cells, modules and battery packs by 2016, Bloomberg reports.

Tesla to encounter rivals in energy storage market

The Wall Street Journal

Telsa’s move into energy storage will run into competitors in both the home- and utility-scale markets, The Wall Street Journal reports.

Tesla’s Musk hints of building multiple battery factories

Business Insider

As part of Tesla’s major battery announcement Thursday, company chief Elon Musk dropped hints about multiple manufacturing plants, Business Insider reports.

Tesla CEO plugs into new market with home battery system

FOSTER CITY, Calif. (AP) — Never lacking daring ideas, billionaire entrepreneur Elon Musk is determined to jolt the electricity market.

The CEO of electric car maker Tesla Motors hopes to park hundreds of millions of large, solar panel-connected batteries in homes and businesses so the world can disconnect from power plants — and he can profit. On Thursday night, before an adoring crowd and a party-like atmosphere, Musk unveiled how he intends to do it.

Europe moving to integrate energy storage on grid


Germany is already using large-scale batteries to store energy on the grid, and Britain and Italy are not far behind, although the technology is new and not without its critics, E&E reports.

Analysts like Tesla battery plan


Tesla’s strategy to get into the energy storage market -– taking battery manufacture beyond vehicles -– set for official launch Thursday, is earning positive feedback from analysts, Bloomberg reports.

Tesla to unveil new batteries next week


On April 30, Tesla is set to unveil its version of a home battery as well as a model intended for large industrial-scale use, CNN reports.


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