The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
Elon Musk's Tesla Battery So Popular It Sold Out Through 2016
Demand for Tesla Energy's revolutionary battery "has been crazy," according to the company's founder and CEO Elon Musk. Yesterday, in a second quarter earnings call, Musk revealed there have been more than 100,000 reservations (roughly worth $1 billion) of the rechargeable lithium-ion batteries, which have sold out through 2016.
— zouhour halawi (@Digitalsarcasm) May 12, 2015
While Tesla is mostly known for its auto industry-disrupting electric cars, the company isn't shy about wanting to wean the world off of fossil fuels through its suite of batteries as well. The Powerwall offers homes and small businesses the means to use and store energy generated from residential solar panels or when utility rates are low. The larger Powerpack (for large businesses and utilities) allows battery owners to store excess energy on site, or as Forbes contributor Jeff McMahon explained in a report, the "batteries allow utilities to store energy when demand is low and use it when demand is high, without turning on more power plants."
As Musk boasted during his call, "You can basically, in principle, shut down half of the world’s power plants if you had stationary storage."
— Jeff McMahon @Forbes (@JeffMcMahon_Chi) August 5, 2015
With the battery, utilities no longer need to build power plants to meet peak demand, McMahon added.
“The fundamental economics of cost are always true, meaning there’s always a cost advantage of system-wide implementation of stationary storage because of high peak to trough of electricity usage,” Musk said.
The energy stored by Tesla's batteries doesn't necessarily have to come from renewables, Musk pointed out. "It seems like people link this too much to renewable energy,” he said. “Of course we are great believers in renewable energy, but that is not the gating function for stationary storage.”
Chief technical officer JB Straubel reported during the call that 70 percent of the battery reservations have been for the Powerpack and 30 percent for the Powerwall.
Musk also said his company plans to sell $40-$50 million in batteries in the fourth quarter and will ramp up battery production (undoubtedly at Tesla's massive Gigafactory in Nevada once it's complete) in the coming years to meet the predicted demand.
“It’s probably at least a few billion dollars in 2017,” Musk said.
Watch Musk's Powerwall keynote in the video below.
YOU MIGHT ALSO LIKE
EcoWatch Daily Newsletter
The Centers for Disease Control has emphasized that washing hands with soap and water is one of the most effective measures we can take in preventing the spread of COVID-19. However, millions of Americans in some of the most vulnerable communities face the prospect of having their water shut off during the lockdowns, according to The Guardian.
Aerial photos of the Sierra Nevada — the long mountain range stretching down the spine of California — showed rust-colored swathes following the state's record-breaking five-year drought that ended in 2016. The 100 million dead trees were one of the most visible examples of the ecological toll the drought had wrought.
Now, a few years later, we're starting to learn about how smaller, less noticeable species were affected.
Natthawat / Moment / Getty Images
Disinfectants and cleaners claiming to sanitize against the novel coronavirus have started to flood the market, raising concerns for the U.S. Environmental Protection Agency (EPA), which threatened legal recourse against retailers selling unregistered products, according to The New York Times.
The global coronavirus pandemic has thrown our daily routine into disarray. Billions are housebound, social contact is off-limits and an invisible virus makes up look at the outside world with suspicion. No surprise, then, that sustainability and the climate movement aren't exactly a priority for many these days.
By Molly Matthews Multedo
Livestock farming contributes to global warming, so eating less meat can be better for the climate.