TESLA Battery - GAME CHANGER....Energy and Utilities sector in for a big shake up

Tesla Motors Inc. Chief Executive Officer Elon Musk unveiled a suite of batteries to store electricity for homes, businesses and utilities, saying a greener power grid furthers the company’s mission to provide pollution-free energy. “Our goal here is to fundamentally change the way the world uses energy,” Musk said at an event Thursday at the company’s design studio in Hawthorne, California. “We’re talking at the terawatt scale. The goal is complete transformation of the entire energy infrastructure of the world.” The announcement, after weeks of anticipation, marks Tesla’s expansion beyond electric cars. As homes, businesses and utilities use more renewable energy generated by sunshine and wind, the need to provide reliable power grows. Batteries can be used to store electricity during peak production and dispense it later, when the sun isn’t shining or the wind isn’t blowing. Tesla’s home battery, named “Powerwall,” is a rechargeable lithium-ion battery that mounts on the wall and comes in 7 kilowatt-hour or 10 kilowatt-hour versions, the company said in a statement. Deliveries will begin in late summer at prices starting from $3,000, Tesla said.