The Tesla Powerwall
The best part about the Tesla Powerwall, according to Steve Yates, is the fact that owning it will get rid of your worries about the lights going out during a storm. Some may argue that its stylish appeal is what makes it worth the buy.
Finally, the installations have started, one whole year after the great Elon Musk disclosed the Powerwall at Tesla Motors Inc.’s design studio in Los Angeles. The Powerwall weighs over 200 pounds and is about 4 feet tall. It is being sold at approximately $3000. It has a 6.4-kilowatt-hour storage unit and is able to provide backup in the case of a typical power cut. However, you need to call a professional electrician to set it up, since it is made of a bi-directional inverter that converts the direct-current electricity into the type of electricity used by dishwashers and refrigerators. This increases the cost of using it, which is why some people are not the biggest fan of the Powerwall.
On the other hand, to Steve Yates, money was not really a problem as he got his one free of cost from Green Mountain Power as part of a pilot program. Tesla expects the unit to grow in to a multibillion-dollar business soon. Customers from South Africa, Europe and Australia have already uploaded photos of their Powerwall setup on the social media to secure their bragging rights. Some are even claiming to be the “first owner” of such a great invention on Tweets and Facebook posts.
Tesla’s Powerwalls, and its larger counterpart- Powerpacks- made for businesses and industrial use, are manufactured at a gigafactory for battery production, located on the east of Reno, Nevada. The two products are products of Tesla Energy. In its first wave, more than 2,500 Powerwalls and almost 100 Powerpacks were delivered to places in North America, Asia, Europe and Africa.
The consumer market ranges from residents of rural areas who are eager for a substitute to diesel generators to loyal customers of Tesla who are rooting for the company’s mission to make transportation sustainable and are lenient about the irksome product delays (Powerwall deliveries were originally supposed to begin last summer).
Green Mountain Power owns 75 percent of the state of Vermont and tends to 265,000 customers.
GMP, a very small investor-owned utility, initially bought 500 Powerwalls from Tesla and is selling and sometimes leasing them to customers. While 10 customers got them for free thanks to the pilot program, more than 600 residents are willing to pay for the service.
Hawaii, a place where the price of electricity is triple of that of the US, seeing an average or rooftop solar energy generator is common, and so the market is very strong there. Hence, several solar companies are purchasing the Powerwall in bulk.