Tesla announces renewable energy batteries for the home

Tesla's Elon Musk has unveiled renewable energy batteries for homes and businesses which could reduce electricity bills by 25pc

Tesla Motors Inc. Chief Executive Officer Elon Musk Unveils New Generation Of Batteries

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Tesla has announced plans to create solar-powered batteries for homes and businesses, a move the company claims could change the “entire energy infrastructure of the world”.

The Tesla Energy batteries represent a move away from fossil fuels and a “critical step in this mission to enable zero emission power generation”, the company said.

Chief executive Elon Musk said the wall-mounted Powerwall rechargeable lithium-ion battery could store up to 10kWh of solar and wind energy, and provide power in the event of a black out.

“The issue with existing batteries is that they suck, they’re really horrible,” Mr Musk said at an event at a Tesla facility in California on Thursday. “We have to come up with a solution, that’s the missing piece that’s needed to have a proper transition to a sustainable energy world.”

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