Tesla to Take Revolutionary Battery from Car to Home

Elon Musk is CEO of Tesla. Tesla is not just an automaker, but also a technology and design company with a focus on energy innovation. His cars are revolutionary because of the lithium ion battery he has developed. In a recent conference call to investors he said he intends to power people’s homes with batteries that could keep a house powered during a blackout, or help manage solar power.

Musk said the Tesla home battery would look something like the Model S pack, with a “beautiful cover” meant to be mounted on the wall. Production could start as early as six months from now, according to Tesla chief technical officer JB Straubel.

To reduce the costs of lithium ion battery packs, Tesla and key strategic partners including Panasonic have begun construction of a gigafactory in Nevada that will facilitate the production of a mass-market affordable vehicle, Model 3, which could come in at around $35,000.

By 2020, the gigafactory will produce more lithium ion cells than all of the world’s combined output in 2013. The gigafactory will also produce battery packs intended for use in stationary storage, helping to improve robustness of the electrical grid, reduce energy costs for businesses and residences, and provide the backup supply of power we described above.

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