Reports: Tesla Motors to introduce energy storage battery

Tesla Factory Injuries
Sponsored by

DETROIT (AP) — Tesla Motors says it will reveal a new product next month, but it's not a car.

CEO Elon Musk tweeted Monday that "a major new Tesla product line" will be revealed April 30.

Tesla shares rose 3 percent to $190.60 after the tweet.

Musk said in February that the company would soon unveil a home energy storage battery that would be ready to go into production in about six months.

Tesla has already partnered with SolarCity — a solar energy company chaired by Musk — on battery storage systems for businesses that charge up during peak sunlight hours and use the energy in the evening, when demand spikes and rates rise.

SolarCity has also installed Tesla battery storage systems in about 300 California homes as part of a pilot program.

Sponsored by

Get All the Electric Light & Power and POWERGRID International to Your Inbox

Subscribe to Electric Light & Power or POWERGRID International and the email newsletter today at no cost and receive the latest news and information.

Related Articles

Top 10 solar power states

Top 10 solar power states

07/17/2017

NTE Energy wins approval for new solar power array

06/26/2017

The issuance of the CPCN, a requirement for beginning construction, is a crucial step for the 30 MW project

Solar plant to provide 80 percent of Ohio school's power

06/21/2017

An Ohio school hopes to generate 80 percent of its electricity through a new solar power plant

Finally - A Market-Based, Investable Approach to Energy Efficiency

06/19/2017 It's all about creating sustained, predictable cash flows. It's easy for the solar and wind energy industries: they instal...