10 Updates

Tesla's Elon Musk: On Creating A 'Cool' Battery System 'With A Beautiful Cover' For Home Energy Storage

May 7 2014, 8:15pm CDT | by

Tesla Motors, which plans to build a giant lithium-ion battery factory, is keenly interested in the emerging energy storage market, where home and businesses owners might want to buy battery...

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11 weeks ago

Tesla's Elon Musk: On Creating A 'Cool' Battery System 'With A Beautiful Cover' For Home Energy Storage

May 7 2014, 8:15pm CDT | by

Tesla Motors, which plans to build a giant lithium-ion battery factory, is keenly interested in the emerging energy storage market, where home and businesses owners might want to buy battery systems for backup power or for managing solar electricity generation and use.

The company has been thinking about what an attractive battery system for a home should look like. Its CEO, Elon Musk , gave a glimpse of the company’s design approach during a discussion of its first-quarter earnings on Wednesday.

“We are trying to figure out what would be a cool stationary (battery) pack,” Musk said. “Some will be like the Model S pack: something flat, 5 inches off the wall, wall mounted, with a beautiful cover, an integrated bi-directional inverter, and plug and play.”

Musk said he will give more details about the home battery system design toward the end of this year or early next year.

Selling its battery packs into the energy storage market would seem a good fit for Tesla, which counts designing battery packs and developing battery management system as part of its core expertise.  The battery management system includes sensors and software to manage the charging and discharging of the batteries and to make sure they don’t overheat.

The company has embarked on a plan to build its own battery manufacturing complex, which would put the production lines for making cells and assembling them into packs under one roof. The cell production at the new factory will likely be managed by its current supplier, Panasonic.

Besides selling electric cars, Tesla also sells its powertrain system, which includes the batteries, to carmakers such as Toyota and Daimler.

Tesla already is working with SolarCity , which bundles Tesla’s battery systems with solar panels and market them to consumers and businesses. Musk is SolarCity’s chairman and a cousin of the solar company’s two founders.

The energy storage market is new. It’s attracting many players , from equipment manufacturers to installers,  but how quickly it will really take off — if ever — isn’t clear.

California promises to be a good testing ground for energy storage technology and services because the state recently created an incentive program to encourage its utilities to use energy storage — it could be batteries or other storage technologies — to help them manage the growing amount of solar and wind energy.

Utilities could use energy storage to bank solar and wind electricity when there’s too much of it and then discharge the energy from storage and into the grid when demand is high.

“The long-term demand for stationary energy storage is extraordinary,” said JB Straubel, Tesla’s chief technical officer, during the earnings call on Wednesday. “We’ve done a huge amount of effort there and have talked to major utilities and energy service companies.”

 
Update
10

6 weeks ago

RM47mil KWSG contributions still unclaimed

Jun 9 2014 7:54am CDT | Source: Business Times Malaysia

Cambodia's Famous Battambang Circus
KUALA LUMPUR: About RM47 million of contributions in the Teachers Provident Fund (KWSG) still remain unclaimed, the ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
9

6 weeks ago

Gold shop lost almost RM1mil

Jun 9 2014 3:50am CDT | Source: Business Times Malaysia

Melbourne Rising Media Launch
KANGAR: A gold shop owner lost almost RM1 million after after the safe on in his shop was broken into by robbers. ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
8

6 weeks ago

Motion to debate MAS losses in Dewan Rakyat rejected

Jun 9 2014 3:39am CDT | Source: Business Times Malaysia

Federal Aviation Administration Bans All US Flights To Israel
KUALA LUMPUR: AN emergency motion to debate the losses incurred by Malaysia Airlines last year, amounting to RM1.2 billion was reje ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
7

6 weeks ago

MH370 Tragedy: Hisham: RM27.6 mil spent on 1st phase of SAR

Jun 9 2014 2:11am CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia spent some RM27.6 million in its first phase of the search operations for missing Malaysia Airline flight MH370, said Acting Transport Minister, Datuk Seri His ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
6

6 weeks ago

9.1m litres of diesel seized in a month

Jun 8 2014 1:11am CDT | Source: Business Times Malaysia

INDIA-CHINA-DIPLOMACY-TRADE
PUTRAJAYA: The Domestic Trade, Cooperatives, and Consumerism ministry has seized some 9.1 million litres of diesel and property worth RM58 million since mounting ‘Operasi Diesel Se ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
5

7 weeks ago

Girl, 9, awarded RM2.78m compensation for medical negligence

Jun 6 2014 4:56am CDT | Source: Business Times Malaysia

Government Weekly Cabinet Meeting
KUALA LUMPUR: A nine-year-old girl who suffered brain damage during her birth at a government hospital was awarded over RM2.78 million in compen ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
4

7 weeks ago

Malaysia's total trade in April up 12pc

Jun 5 2014 11:52pm CDT | Source: Business Times Malaysia

KUALA LUMPUR: Malaysia's total trade in April 2014 rose by 12 per cent from a year ago to RM123.86 billion due to growing trading activities, International Trade and Industry Minister Datuk Seri Mus ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
3

7 weeks ago

Works Ministry to spend RM20m for upgrading works at 50 accident black spots

Jun 4 2014 11:35pm CDT | Source: Business Times Malaysia

Iskandar Johor Open - Previews
JOHOR BARU: The Works Ministry will implement upgrading works at 50 accident prone locations in the country that have been identified this year involving an al ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
2

7 weeks ago

Najib launches loan scheme for Ramadan traders

Jun 4 2014 10:24pm CDT | Source: Business Times Malaysia

EurAsia Cup presented by DRB-HICOM - Day One
PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today launches RM45 million Ramadan B ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
Update
1

7 weeks ago

Residents bring up objection against Kidex to Suhakam

Jun 4 2014 4:49am CDT | Source: Business Times Malaysia

PETALING JAYA: A group of 20 Petaling Jaya residents held a meeting with the Human Rights Commission of Malaysia (Suhakam) over their objection against the proposed RM2.2 billion Kinrara Damansara Skyway (Kidex) t ...
Source: Business Times Malaysia   Full article at: Business Times Malaysia
 

 
 

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