Tesla CEO Elon Musk unveils a $3000 Battery that can potentially revolutionize the way electricity is consumed.

Real life Tony Stark Elon Musk, CEO of Tesla Motors has yet again pushed the boundaries of innovation and has a vision that can entirely revolutionize the way we use electricity. Today, Musk revealed ‘Tesla Energy,’ to power homes with a new design of batteries called the ‘Powerwall,’ aiming at reducing consumer dependence on the grid.

Produced at Tesla’s new Nevada Gigafactory, Powerwall is a stationary battery that can power an entire household without having to depend on the grid. It would be a rechargeable lithium-ion battery, which uses Tesla’s existing battery technology, and can be fixed on a wall, removing much of the hassles of depending on a local power source. It will cost around $3500, and can be scaled ‘infinitely’, Musk says, all the way up to the industrial and utility level. The larger industrial level battery will be called a ‘Powerpack.’

“The issue with existing batteries is that they suck,” Musk added in a press conference announcing Tesla Energy. “They are expensive, unreliable and bad in every way.”

Though Tesla’s answer to the problem, he said was entirely different.

tesla powerwall

Like normal batteries, they can be stacked together – up to nine can be clubbed together to create a stable and a reliable power source. Musk believes this would be perfectly suitable in emerging markets or remote locations, somewhat similar to the way mobiles have become more important than landlines in remote areas of the world.

So how would it recharge?

Musk says the Tesla Powerwall charges using solar power, but can also integrate with the grid ‘to harness the excess power and give customers the ‘flexibility to draw energy from their own reserve.’ Implying you’re still dependent on the grid to a certain extent.

“Our goal is to fundamentally change the way the world uses energy,” Musk told a press conference at the Tesla Design Center on Thursday night. “It sounds crazy, but we want to change the entire energy infrastructure of the world to zero carbon.”

He further explained that 160 million battery packs could ‘transition’ power usage in the U.S to renewable energy, while 900 million units could shift the entire world’s energy requirements.

“It provides security, freedom and peace of mind,” Musk said — adding that “all we need” is to roll out 2 billion Powerwalls to meet the energy needs of the entire world, and that the poorest communities with little or no power will benefit the most.

“This is within the power of humanity to do,” Musk said. “It is not impossible, it is something that we can do. But there’s going to [need to] be other companies involved.”

Elon Musk has already revolutionized the way we use electric cars, is also venturing into space exploration with SpaceX. And now with this new project, it can potentially have a huge impact if Tesla can pull it off.

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