Tesla is far from the only company looking to profit off of rechargeable batteries for the home.
At-home batteries are a necessary purchase for anyone looking to convert their home to solar power. The batteries store the electricity generated by solar panels, which can then be used at night or during peak grid times to save money on your electricity bill.
When automobiles first debuted in the United States, they faced a classic “chicken and egg” problem. On one hand, autos were custom-made luxury items, affordable only to a niche market of affluent individuals. On the other hand, there was little incentive for most people to buy automobiles in the first place, as the system of roads in America was woefully underdeveloped.
The creator of the first lithium-ion battery has just released a new battery cell that could mark the next stage of battery development, offering a huge boost for the electric car industry and beyond.