TESLA Battery - GAME CHANGER....Energy and Utilities sector in for a big shake up

Mathan Somasundaram

Deep Data Analytics

Tesla Motors Inc. Chief Executive Officer Elon Musk unveiled a suite of batteries to store electricity for homes, businesses and utilities, saying a greener power grid furthers the company’s mission to provide pollution-free energy. “Our goal here is to fundamentally change the way the world uses energy,” Musk said at an event Thursday at the company’s design studio in Hawthorne, California. “We’re talking at the terawatt scale. The goal is complete transformation of the entire energy infrastructure of the world.” The announcement, after weeks of anticipation, marks Tesla’s expansion beyond electric cars. As homes, businesses and utilities use more renewable energy generated by sunshine and wind, the need to provide reliable power grows. Batteries can be used to store electricity during peak production and dispense it later, when the sun isn’t shining or the wind isn’t blowing. Tesla’s home battery, named “Powerwall,” is a rechargeable lithium-ion battery that mounts on the wall and comes in 7 kilowatt-hour or 10 kilowatt-hour versions, the company said in a statement. Deliveries will begin in late summer at prices starting from $3,000, Tesla said.


Mathan Somasundaram
Founder & CEO
Deep Data Analytics

Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter