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Tesla Motors expands its battery technology to solar power storage

MAY 01, 2015
Physics Today

New York Times : Electric-car manufacturer Tesla Motors is venturing into the solar power storage market with production of its Powerwall battery. Derived from the company’s Model S vehicle battery, the Powerwall is designed for home and industrial use and can store energy generated by solar panels. Not only can it provide power in the absence of sunlight, but it can also be used during general power outages or during peak times when utilities charge higher rates. According to Tesla CEO Elon Musk, the battery will cost $3500, and up to nine batteries can be connected to increase the amount of power that can be stored.

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