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Tesla’s PowerWall: wall-mounted lithium-ion battery taps into solar power to store power for a home 24 hours a day | TESLA Rendering shows the $5 billion Gigafactory, the largest battery factory in the world, that Tesla is building in the Nevada desert | TESLA
Alpha Technologies partnered with Corvus Energy and researchers at the University of British Columbia in 2013 to develop a $5.1 million “smart grid” that would use lithium-ion batteries to store energy for peak hours, when the demand for, and cost of, energy is at its highest. Musk says the Powerwall would also capitalize on one
of the markets just opening up: developing nations, where sunshine is often rampant but hydro grids are limited or non-existent. Singh says he doesn’t see demand drying up for energy storage solutions. “It’s a worldwide market. It’s not going away.” É