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Battery Storage Bonanza: Tesla Rules the World

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Game changer is usually a term that is usually overused by entrepreneurs seeking a lot of your hard-earned money. But the shocking truth is that yes, the new battery announced by Tesla is potentially, in the words of our esteemed vice-president, a big f—king deal. Game changer may indeed be an understatement if the potential of the Powerwall is realized. Elon Musk doesn’t do things small. The Powerwall’s price is about $3,000 for a 7 kilowatt hour model to $3,500 for a 10 killowatt hour model. I have seen some estimates that this may add up to about 30 cents per kwh to get electricity from the Powerwall—compared to what you might pay about 12 -15 cents per kwh around Washington DC (some places like Hawaii is a lot more and would be ideal for the Powerwall). As the cost comes down even further as the technology improves, would you consider ditching your utility completely? Stay tuned for Musk’s next announcement.

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