Could This Product Allow Us To Live Off The Grid? We Sure Hope So…

 

The innovative motor company Tesla recently announced a potentially groundbreaking innovation in battery technology.

It has the promise of completely redoing solar panel efficacy as well as the public utility electric marketplace.

For the millions of consumers frustrated with their power companies thanks to frequent outages and poor customer service, the batteries could be a boon. In general, the choices for how people power their homes is relatively limited. Most have to rely exclusively on their local utility providers. Getting a generator can be expensive — some homeowners pay around $20,000 for back-up generators that run on natural gas. So Tesla is eyeing a market that might be ripe for innovation.

Morgan Stanley made waves last year when it wrote that Tesla's forthcoming products in this space could meet a huge market demand.

“There may be a ‘tipping point' that causes customers to seek an off-grid approach,” Morgan Stanley wrote last March. “The more customers move to solar, the remaining utility customer bill will rise, creating even further “headroom” for Tesla’s off-grid approach.”

Tesla is already laying the groundwork to ensure its stationary batteries get as widely distributed as possible.

Depending on where you live, energy prices are a pain in the you-know-where. Tesla Motors is potentially going to be doing something about that in the form of more reliable, versatile and robust batteries for home and business use.

If that happens, being dependent on your local electricity provider might be a thing of the past.

For more on this innovative technology and Tesla's plans, read the full article here at The Washington Post.


4 Comments

  1. Keith Baumgart said:

    It will never be allowed. Too much revenue would be lost. Why do you think they got rid of Tesla?

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