Tesla Motors
The most famous thing is to make all-
Electric S cars are using their lithium.
Ion battery technology has positioned itself as the leader in emerging energy
The storage market is a complement and threat to traditional power grids.
"We will soon launch Tesla's home battery, which will be used for people's homes or businesses, Chief Executive Elon Musk said on a earnings call with analysts on Wednesday.
Combining solar panels with large, efficient batteries allows some homeowners to avoid buying power from utilities.
Morgan Stanley said last year that Tesla's energy
Storage products can be "disruptive" in the US ". S.
In Europe, as customers seek to avoid utility costs by "closing"grid.
Musk said the product will be released in the next month or two.
"We have finished the design and it should start to go into production in about six months," Musk said . ".
"It's really great.
Tesla has provided residential energy.
Select the customer's storage unit through SolarCity Corp. , the solar-
The power company that listed Musk as its chairman and largest shareholder.
Tesla's factory in Fremont, California, is also building larger fixed storage systems for businesses and utility customers.
Palo Alto, California-
Tejon Ranch Supercharger station, based near Interstate 5, Southern California, has installed a storage unit and installed several other commercial facilities in the field.
But the bigger market could be utility customers.
"Many utilities are working in this area and we are talking to them almost all," chief technology officer JB Straubel said on Wednesday's earnings call . ".
"This is a business that is getting more and more attention from us.
California sees energy storage as a key tool to better manage the grid, integrate more and more solar and wind energy, and reduce greenhouse gas emissions.
Utilities like PG & E.
About 1 purchase is needed now.
By 2020, the energy reserves reached 3 gigawatts, enough to supply about 1 million housing units.