Living off the grid is no longer just a catch phrase, as Tesla Motors is working on a new kind of battery that would be used to power homes, Ibtimes reported.
The new battery, which is based on Tesla’s lithium-ion battery technology, is expected make the company market leader in home energy-storage sector.
Tesla Motors CEO Elon Musk recently announced that the design of the battery was ready and production would start in about six months.
“We are going to unveil the Tesla home battery, the consumer battery that would be for use in people’s houses or businesses fairly soon,” Bloomberg quoted Musk as saying.
Last year, Musk had revealed his plans to make a product that would be fitted into consumers’ homes, instead of their cars and had expressed an interest in venturing into the home energy-storage market.