Tesla Motors CEO Elon Musk on Thursday announced the company's plan to develop residential and business battery systems, including the Powerwall Home Battery and business-oriented Powerpack. These systems are being developed to work in conjunction with solar panels to store energy for use at a later time. They also can draw power from the grid when demand for electricity is low and discharge it during the more expensive rate periods, when demand is higher. Musk suggested it could substantially reduce energy dependence on fossil fuels.
from TechNewsWorld http://ift.tt/1Jf48Ba
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