A few days ago, Tesla CEO Elon Musk announced a new home battery system. Not the sexiest product at first blush – but a closer look shows that this battery has the potential to disrupt the glacial progress of the energy industry.
In other words, this is huge. According to CBC, “Musk is trying to steer his electric car company’s battery technology into homes and businesses as part of an elaborate plan to reshape the power grid with millions of small power plants made of solar panels”. TechCrunch described the move as “a new business arm that is focused on ending our dependence on grid power and switching instead to solar energy.”