Don’t forget, Tesla, Inc. (NASDAQ: TSLA) is in the home-powering business too. The car-maker and de facto energy company has partnered with industrial developer IM Properties in order to establish one of the first free-energy buildings in the U.K.
This move hinges on using Tesla’s Powerpack batteries in order to store the energy that the photovoltaic cell panels collect on the roof. This would see the building achieve a neutral energy cost, through main power being supplied directly while the sun is shining and stored during off-peak times for the occasional rainy British day. This will also act as a case study for the company in order to see how practical the use of this technology is in terms of expanding to more housing developments. The Tesla Powerpack is already used around the world, notably in the L.A Galaxy soccer team arena, the StubHub Center. It helps regulate the energy use as well as supply additional power during peak hours.
Should this pet project go well, this could become a major selling point for housing developers as the global trend goes towards renewable energies. The market is potentially huge as this could be added to existing as well as projected buildings and developments, and potentially further curtail the need for fossil fuels.