Elon Musk Says There Is No Reason For Energy Companies To Run Scared Of His Batteries

Elon Musk

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Elon Musk head of Tesla Motors Inc. thinks energy companies are wrong to fear his battery systems

He actually thinks they should buy more of these systems because they will be needed as the country develops more and more green energy sources.

Tesla’s new power wall home battery is being used as a backup power source in most instances instead of going off the grid.

Musk unveiled a suite of batteries in April that he said would “fundamentally change the way the world uses energy.” The equipment allows businesses and homeowners to store power, reducing the need to rely on utility grids for electricity. Musk said the media has been confused about the role of the home battery pack, which wouldn’t be economic as a main supply source. He sees 80 to 90 percent of sales being in the larger Powerpack system, which could help utilities store power to reduce the need for expensive facilities that only run during times of peak demand

Alternative Energy

The batteries can work with wind and solar electricity systems installed by customers at their homes or offices. Storing energy during times of peak production allows for its dispensing later, easing the problem of intermittent supply when the sun isn’t shining or the wind isn’t blowing.

In Tesla’s home state of California, regulators have issued a groundbreaking energy-storage mandate that requires Edison International, PG&E Corp., and Sempra Energy’s San Diego Gas & Electric to collectively buy 1.3 gigawatts of energy storage capacity by the end of 2020.

Read more of this Renewable Energy World article for more insights.

Image source – Tesla Motors Inc.


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