With the world moving away from fossil fuels, US electric carmaker Tesla Motors are looking into to expand their clean energy market by revealing plans on powering houses.
Chief executive Elon Musk, has announced the company would build batteries that store solar energy. This would also function as a back-up system for consumers during blackouts.
Tesla would build the rechargeable lithium-ion battery using the same battery which powers the company’s electric vehicles.
The American company has arranged to begin shipping to installers in the US as soon as this summer. Elon Musk believes these batteries will change the “entire energy infrastructure of the world”.
Energy comparison firm USwitch believes the system known as Powerwall, just one kWh will have the ability to power a laptop for two days. Tesla will sell the 7kWh unit for $3,000 (£1,954) and the 10kWh unit will be available for $3,500 (£2,275) to installers.
According to Deutsche Bank, Tesla has the potential to make figures around $4.5 billion in revenue with the sales of battery storage systems for homes and businesses.
Renewable energy campaigner Alasdair Cameron believes that the future of solar panels and a home battery could become as revolutionary as the Internet.
Alasdair Cameron states: “Just as the Internet changed the way we use information so renewable sources, like wind and solar, are changing the way we make and use energy – and electricity storage is an important part of that change”.