TESLA BATTERY: ECONOMICS GAME CHANGER OR NOT?

Tesla has with much fanfare (and a bushel of hype) announced a battery for storing solar power and claimed that it will revolutionize power distribution. Nowhere does it mention that the process has been around for decades. So why all the fuss?

1. Elon Musk announced it. He is a tech hsuperstar (the Tesla electric car, SolarCity the solar power co and Spacex, the private space exploration co). He has a cut-like following akin to that of Steve Jobs. When he tals, millions of people fall over their chairs and listen
2. There has never been a media blitz for the subject before, giving the impression that it is a brilliant, disruptive innovation.

In truth it is not as disruptive as the media spin implies.

There is a detailed study on its economics at http://bit.ly/1K21Czz, reproduced below. Do read the analysis before making a decision to purchase the Powerwall!

More solar power to you!