Tesla unveils suite of batteries for homes - home battery system

Tesla Motor Corporation Launches Tesla Energy-
Storage systems or batteries for homes, companies, and utilities, extend the business beyond electric vehicles and take advantage of rapid
Growth in the energy industry.
The company's chief executive, Elon Musk, said the company's goal was to "fundamentally change the way the world uses energy on an extreme scale ".
"On Thursday, he introduced the products to a group of business partners and journalists at the Tesla plant near Los Angeles.
In Tesla's view, this storage system may become part of the afossilfuel-
Free lifestyle, people can make solar panels generate electricity on the roof, power the home, and charge the battery of the electric car.
The smallest battery released on Thursday, known as asPowerwall, is located in a 6-inch-
Can be hung in a garage or a wide container on the exterior wall of the house.
The inverter and installation price is not included, the model price at 10 KW hours is $3,500, and Powerwall can be used for backup power supply or storage of solar energy.
Tesla's main installation partner for home batteries is SolarCity Corp, a solar installation company backed by Musk.
Musk said the company will also work with many other companies.
Tesla has installed hundreds of batteries in California.
The growth of these projects has benefited from subsidies from California's public utilities regulator.
Utilities have also been looking for energy storage to help manage the growing number of renewable energy sources in the grid.
In response to the market, Musk launched what he called the "powerpack", "a battery block at 100 hours, designed to help when demand levels are high, smoothly output power from intermittent solar and wind energy production or quickly add energy to the grid.
Tesla already has several companies.
The California power grid has a massive battery deployment, which requires its largest utility to provide a lot of energy storage.
Musk told reporters that Tesla expects the gross profit margin of battery products to be low in the fourth quarter of this year, but will grow, adding that battery products will be "truly profitable" sometime next year ".
"A cost-effective household energy storage system that can provide more value and profit than anything the company does in terms of cars, "Carl, a senior analyst at Kelly's Blue Book, an automotive industry research firm, said.
Tesla will initially produce batteries at a California car factory, but will move production to the planned "Gigabit plant" in Nevada next year ".
Deutsche Bank estimates that sales of fixed-cell storage systems for home and commercial use could be as high as $4.
Tesla's revenue is 5 billion.
Analysts expect Tesla to build fixed storage systems around the company's large Nevada plant that produces the same basic batteries for its vehicles.
According to research firm ihs cera, although the valuation in 2012 was only $0. 2 billion, the energy storage industry is expected to grow to $19 billion by 2017.
Tesla is not the only participant in energy storage.
Coda Energy rises from the ashes of a failed electric vehicle manufacturer and is now owned by forts investment and start-ups backed by companies like Total, general Electric and Siemens are among the many companies chasing fixed storage market share.