The Energy Storage Solution of the Future

by May 26, 2016General Home Advice, Sustainability

If anyone has been following the clean energy market has likely stumbled across a small company called Tesla Motors. For those of you who do not know, this is a car company that makes fully electric cars. The owner of Tesla, Elon Musk, has set out on a journey to phase out fossil fuels in the future.

This article is going to talk about another one of Tesla’s technologies called the Powerwall. The Powerwall is an electricity storage device which is a rechargeable lithium ion battery. This Powerwall is compact in size, being able to be mounted to the wall in your garage or on the side of your home. The electricity that is stored in the Powerwall can come from the grid during off-peak times. This allows for your home to draw electricity from the Powerwall during off-peak times, and use it during peak times to save money. The technology can also be attached to solar panels to allow for the device to get charged that way. Each Powerwall stores 6.4 Kilowatt Hours (kWh) of charge, which is enough to power appliances and lights in your home for some part of the day. Multiple Powerwalls can be put together to allow for more energy storage, which provides more versatility for larger buildings. Each of the 6.4 kWh Powerwalls are priced at $3000 in the US before install.

Note that there are two versions of the Powerwall, the one above is for daily applications, and the other one is a 10 kWh backup unit. To learn more about the Powerwall click here.

This gives environmentally conscious people even more reason to step into a Tesla vehicle, and also provides more feasibility because the car can be charged during the night by electricity that could be captured with solar panels during the day. This is opposed to extracting electricity for your car from the grid that could be coming from worse sources like coal-fired electricity generating plants.

This technology is not 100% environmentally friendly due to the lithium ion battery, but in its defense not many products are when we look at their lifecycles. You can learn more about what Tesla is doing to combat this problem here.

In my opinion, the current high demand for the Powerwall in the States represents a shift in consumer behaviour, because if people buy into it this means that more traction is being gained by the clean energy industry, which opens the floor for other companies to exploit this market. It also means that people are more aware of the implications of staying in a fossil fuel dominant society, and would like to play a part in helping their successors. In the States there are now more jobs than in oil, which is an impressive feat that should be progressed further. All I know is I am happy that Mr. Musk has made such a massive impact in this industry, and I am optimistic that many more will follow.

Ryan Meagher, Guest Blogger, BVM Contracting - Home Addition and Home Renovation Contractor.

About the Author

Ryan Meagher

Business Development, BVM Contracting

A graduate of chemical engineering from Queen's University, Ryan has spent many summers working with BVM Contracting in various roles and projects. This experience has provided him with a unique view on the residential construction industry which he loves sharing with you!