18 Feb '15, 10am

Elon Musk’s Next Business Venture: Home Energy Storage via @triplepundit

Elon Musk’s Next Business Venture: Home Energy Storage via @triplepundit

While the global residential energy storage market has lagged in recent years – mainly because of its close ties to the volatile solar market – the sector is poised to expand by 90 percent this year, according to research firm IHS . As the solar industry booms, lithium-ion battery prices drop and homeowners become more interested in going off the grid, IHS predicts that the home energy storage market, coupled with solar installations, will reach more than 900 megawatts in 2018, up from just 90 megawatts last year. And Tesla and Elon Musk, as always, will be right there on the cutting edge of a burgeoning technology.

Full article: http://www.triplepundit.com/2015/02/elon-musks-next-busin...

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