I still consider it somewhat ironic that this is the case considering the real Tesla’s personal work, motives, and desires regarding energy distribution. Still, it is definitely a step in the right direction.
At a press conference in Los Angeles on April 30, the company’s charismatic founder Elon Musk said that the firm’s lithium-ion batteries would enable economies to move to low-carbon energy sources. Solar energy sources are erratic—but by storing their energy and then releasing it when required, batteries could solve that problem, he said.
Many other companies also sell stationary battery storage for buildings and for power grids—but analysts say that the technology is still too expensive for widespread use. Here, Nature explores whether Tesla’s announcement might change the game.
Has Tesla just invented a new battery technology?
No. The company’s packs contain standard lithium-ion batteries based on tried-and-tested technology, which are similar to those that many other firms have on the market.
Although companies and academic labs are pouring billions of dollars into research and development to significantly increase the amount of energy that batteries can store and to lower their cost, it could take years before significant breakthroughs reach the market (see ‘The rechargeable revolution: A better battery’).
Has Tesla managed to cut the cost of battery storage?
Possibly—but it’s unclear. Cosmin Laslau, an analyst for Lux Research, a consulting company in Boston, Massachusetts, says that he thinks Tesla’s batteries may be a bit cheaper than their competitors, although not by a lot.
Tesla did not reveal the price of its larger batteries for businesses and utilities, but it will sell residential models for US$3,000—3,500, or a cost of about $350 per kilowatt-hour (kWh) of energy stored. But that price tag does not include electronics that are required for connecting a battery to a home system, nor installation costs. Together, these costs could more than double the final price for residential consumers.
The internal production cost of lithium-ion battery cells (the cylindrical elements that store energy inside a battery, and which Tesla buys from Japanese electronics giant Panasonic) is generally thought to be around $200 per kWh, according to Mohamed Alamgir, director of research at LG Chem Power in Troy, Michigan, a subsidiary of the South Korean chemistry giant LG Chem. Incorporating those cells into a battery pack typically doubles costs, so that a battery the size of Tesla’s could cost about $4,000 to produce. Tesla could be selling these products at a loss for the time being, says Laslau, but could turn that loss into a profit once it scales up production at the $5-billion battery ‘gigafactory’ it is building in Nevada.
Does a home need a battery?
Most homes in the Western world probably do not. In places that have a good connection to the electricity grid, and where grid power is reliable, households do not need batteries for backup. And even those homes that have solar panels on the roof and extra energy to spare can use the grid itself as their battery: in many places, such as Germany and several US states, homeowners can sell their excess power during the day to the local electricity utility, and buy it back at night.
But the world’s electricity utilities and power grids themselves need more inexpensive energy storage. Countries that have been aggressively installing solar panels and wind turbines but that have not invested enough in energy storage have had trouble integrating the extra capacity into their grids. Germany, for example, has provided lavish subsidies for homeowners who installed solar panels, but when residents installed more photovoltaics than expected, electricity utilities had to spend more to keep the grid running smoothly, says Haresh Kamath, an energy-storage expert at the Electric Power Research Institute in Palo Alto. “The effects of unplanned deployment can be dangerous in terms of grid reliability,” he says.
Could today’s lithium-ion batteries meet utility firms’ needs?
When utilities need to manage loads on the grid, it is still cheaper for them to fire up gas turbines. The US Department of Energy estimates that for energy storage to be competitive, it must not cost much more than $150 per kWh. Assuming a cost of $700 per kWh, Tesla’s systems are still much more expensive than that. Right now, the cheapest way to store energy is to pump it uphill into a hydropower reservoir—where one is available. The next-best storage solution is to compress air in large underground reservoirs.
But even if they cannot economically store hours’ worth of a country’s energy needs, batteries can help to make the grid more reliable. And the US energy department’s target does not take into account the social costs of carbon emissions, says Jeff Dahn, a battery researcher at Dalhousie University in Halifax, Canada. “If there was an appropriate price associated with the generation of carbon, we’d all be using solar panels and paying whatever it costs to store electricity,” he says.
This article is reproduced with permission and was first published on May 1, 2015.
Fascinating. And somewhat ironic considering the state of, or the lack of a true state of, our modern culture. Oh well, it’s just the way The Markets work nowadays I reckon.
By Hope King @lisahopeking
smartphone iphone xxx jc Anyone can buy a .porn, and .sucks website starting June 1st. Brands are trying to buy them up to protect their image.
Anyone can buy a .porn, and .sucks website starting June 1st, so brands are trying to scoop them up before the Internet trolls do.
In 2011, the nonprofit Internet Corporation for Assigned Names and Numbers decided to expand the number of generic top-level domains, or gTLDs, such as .com and .net. There were 22 at that time and now there are over 547 new gTLDs on the Web, with new suffixes released every month.
Before June 1, a select group of people and companies, including trademarked brands, are getting first dibs on some of the more controversial domains. During this so-called “Sunrise period,” which is mandated by ICANN, some brands have already taken advantage.
For example, Microsoft has already registered Office.porn and Office.adult, acording to Stuart Lawley, CEO of ICM Registry, which operates the .porn and .adult top-level domains. The same goes for TaylorSwift.porn and TaylorSwift.adult.
After June 1, it’s a .sucks and .porn free-for-all.
“It’s first to the buzzer [then],” said Lawley.
ICANN claims that its program to expand gTLDs will be beneficial for all Internet users, because descriptive domains, such as .healthcare, .deals, and .amsterdam, help ensure Web users arrive at their intended destination. They can also provide businesses more unique addresses to set up shop.
Some, however, like .porn and .adult, pose a different set of marketing issues.
“At the end of the day, a TLD is really a brand,” said Steve Miholovich, SVP of marketing at Safenames, a domain registrar and advisory firm for websites.
Not all of Safenames’ customers are eager to buy Web properties to protect their brand image. Some are very against the idea of owning a website with a not-safe-for-work extension, according to Miholovich.
Corporations don’t like to be associated with anything that’s really negative, he explained — even if that means their brand name could be set up on a domain like .sucks.
“They want positive images — they want positive messages. They’re not going to turn [.sucks] into a positive,” Miholovich said.
taylor swift This is why Taylor Swift bought taylorswift.porn
However, companies may want to consider buying property on a negative or R-rated domain if they want to prevent it from being bought and used by someone else.
Miholovich suggests companies look at all the brands they own to determine which ones are the most important, and which ones need most brand protection.
Consumers who are worried about seeing their names on an adult-content gTLD have fewer options.
“People who have bad intentions are going to do what they’re going to do and there’s nothing to prevent that,” Miholovich said.
Those who want to be proactive can keep an eye on all of the savory and unsavory new gTLDs being released and applied for on ICANN’s website.
But even if people are uncomfortable with the idea that there may be a .porn or .adult site associated with their names, at least they know the nature of the content on the site.
“To me it’s very responsible,” Miholovich said.
He added that another benefit to having more descriptive domains is greater parental control over which websites their children visit. Blocking isn’t always as easy for .com adult content sites.
An interesting article.
But this is exactly why I have harmonized my Business (as a non-fiction writer and copywriter and inventor) enterprises and my Career (as a fiction writer and designer) ventures.
By having my Business and Careers complimenting each other I avoid the “I hate this job syndrome” (actually I very much enjoy everything I do) and I expect this will inevitably advance and accelerate both my Business and Career successes.
Whereas both sets of markets may by separate by nature, and operate differently to some degree, both are complimentary and entirely cross-fertilizing in the long run.