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The winners and losers in Tesla’s battery plan for the home
Tesla’s plans to use its new battery storage system to power homes will provide households with more opportunities to reduce bills. But it will also cause headaches for the electricity distribution companies.
The company’s founder, Elon Musk, announced last week that it had developed the Powerwall batteries that could store electricity generated from solar panels.
The idea is to store the energy generated during the day, when demand is relatively low, that can then be used to power a home during the evening when the demand is higher. It can also act as a backup supply during any power cuts.
Tesla’s plans to use its new battery storage system to power homes will provide households with more opportunities to reduce bills. But it will also cause headaches for the electricity distribution companies.
The company’s founder, Elon Musk, announced last week that it had developed the Powerwall batteries that could store electricity generated from solar panels.
The idea is to store the energy generated during the day, when demand is relatively low, that can then be used to power a home during the evening when the demand is higher. It can also act as a backup supply during any power cuts.