The Tesla Battery Heralds The Beginning Of The End For Fossil Fuels

We have been witnesses of many groundbreaking innovations by far, but it seems like the 21st century technology does not stop surprising us. The truth is, technology and overall industry are moving forward with a fast pace and it is all thanks to the genius human brain that keeps the same pace of development, offering us brilliant opportunities to ease and simplify life and make it more enjoyable.

Last week, one such genius brain and powerful billionaire at the same time – Mr. Elon Musk, introduced the world with one more phenomenal innovation, called ‘Powerwall’. The big event took place in California, last Thursday, and news has reached every corner of the globe with the speed of sound.

What ‘Powerwall’ actually is? It is a trailblazing unit that features wall-mounted energy storage with the capacity to hold up to 10 kWh of electric energy, delivered in an average of 2 kW. If you wonder what this revolutionary unit’s price is – it costs $3,500. The ‘Powerwall’ works as a brilliant cost-effective solution to reduce the costs for electricity bills, estimated around $500 per kilowatt-hour, which equals less than half from the (average) current electricity costs. So, is seems that the golden times of solar and wind-power industry are going into the history, as the just-released ‘Tesla Energy System’ is stepping onto the scene.

But, the surprises by Mr. Musk do not stop here. He also used the opportunity from last Thursday’s glorious event to announce one more upcoming and groundbreaking innovation, called the ‘Tesla Battery’. In fact, the ‘Tesla Battery’ is part of the entire ‘Tesla Energy System’, which we expect to conquer the world in a blink of an eye. The powerful term – ‘Tesla Battery’ stands for an already tested lithium-ion battery that Musk is already using for his up-to-the-minute electric vehicles. Hence, Mr. Musk shared the breaking news that he is setting up the ‘gigafactory’ in Nevada, California, which will be the ultimate place where the ‘Tesla Battery’ will be manufactured, thus provided for global use – both domestic and industrial.

The ‘Tesla Battery’ bubble has started only few days ago and it is already the top-news the entire world is talking about. Experts predict a glorious future of Musk’s ‘Tesla Energy System’, especially when it comes to domestic use. Main reason for this particular statement is that thanks to this state-of-the-art electricity system, it is estimated that householders will pay approximately 6 cents per kilowatt-hour, meaning that the ‘Tesla Energy System’ will completely overshadow the use of coal-fired power.

The truth is, not only homes will benefit from the ‘Tesla Battery’, but industry as well, as this avant-garde unit will help in significantly reducing the manufacturing costs. But, another even bigger truth is that this groundbreaking innovation evokes an immense issue for the fossil-fuel industry. Thus, the profitability of the fossil-fuel companies is put at risk. And not just the destiny of fossil-fuel companies remains uncertain, but of fuel suppliers as well, including coal miners and coal-burning electric power utilities.

So, it won’t be wrong to say that the revolution in the industry has already begun. World-known newspapers and news portals refer to Elon Musk as a remarkable Henry-Ford style character who has the bravery and ability to take others’ genius innovations (like Tesla’s electricity) and scale them up. Simply put, this great man and powerful millionaire takes huge, breathtaking entrepreneurial steps that are actually, unbelievable and impossible for others. Thanks to his innovation of the ‘Tesla Battery’, we will be all witnesses of seeing the world of renewable energy scaling up to another level, thus moving up the norms of cost-efficiency and performance.