Home Tesla Motors’ Powerwall Sees Quick Adoption but it’s Not Unique (TSLA)
Energy, News, Technology

Tesla Motors’ Powerwall Sees Quick Adoption but it’s Not Unique (TSLA)

Mvusi Ngubane

Last year had Tesla Motors Inc rolled out two exciting battery products which can be used to power homes and businesses. One of these is the clean energy giant’s Powerwall. It is a home battery system that generates electricity through solar panels. The device is adored by solar energy users around the world and is being adopted rather quickly. It powers homes and small businesses in the evening, or can be used as a back-up energy supply during blackouts. However, though the device has gathered a lot of attention, is both extremely efficient and lovely to look at, it isn’t the only product of its kind out there.

Tesla Motors Inc. (TSLA) Powerwall

A short while ago, I found myself exchanging small talk with a mild acquaintance while our significant others accompanied each other to the restroom. It’s likely that many of you are familiar with the trivial, time-filler topics that often arise in situations like these. However, luckily for both of us, we soon found mutual ground.

Somehow the subject of Tesla’s Powerwall arriving in South Africa came up. The country is no stranger to regular blackouts due to itsome lack of well-working power plants. So the battery pack’s arrival was quite a big deal. Although, he did mention something which I found very odd.

“I’ve been waiting for a device like this to come along for a long time now,” he explained. I then asked whether he had done much research into other and possibly cheaper alternatives. “What do you mean?” he inquired. The blank expression on his face said it all. The man wasn’t aware that there are a number of home battery systems similar to Tesla’s Powerwall available on the market.

Are there good Tesla Powerwall alternatives?

This got me thinking, how many others are completely oblivious to the fact Tesla Energy  is not the only company that offers household energy storage solutions? A little research on my part proved that my acquaintance was not alone in his ignorance. What is stranger is that the clean energy giant only recently joined the very saturated market.

Hybrid

Late last year, Het Dutch company Hybrid rolled out its own battery pack which it claims is safer, more efficient and much cheaper than the Powerwall. It uses a patented Lead-Crystal tech instead rather than Lithium-Ion. This, the company claims, is far safer than its less stable Li-Ion counterparts. It is also said to outlast the Powerwall by a great deal too.

Hybrid offers versions for home, larger homes and small businesses, as well as an industrial battery.

Orison

A simple rival for Tesla in the home battery market is Orison. The start-up offers energy solutions that are just as sleek and enchanting. Like Tesla, Orison offers two different option as well, although neither of them are for intense industrial usage like Tesla’s Powerpack. One is a Powerwall-like, wall-mounted device and the other stands upright like a fancy home stereo speaker.

Orison’s battery options don’t pack as much as Tesla’s but they really do make up for this in a number of ways. They are much cheaper than the $3000-$3500 Powerwall, setting you back $1,600 for the wall-mounter and $1,950 for the tower. This makes them an ideal power solution for low-income households.

Orison batteries also have changeable LED backlighting. The tower version comes with a Bluetooth speaker and a USD port too. But the most interesting aspect about Orison is that it can connect to a its own cloud system and figure out the best time to recharge itself. It can store energy that can be used during peak hours or prepare for impeding power outages if they are planned and announced online. Like the Powerwall, they can charge themselves when rates are cheaper. The best part is that no effort is put in by the buyer. Orison batteries are entirely self-regulating and automatic.

The Orison batteries are said to be coming out around July this year.

Trusted & Regulated Stock & CFD Brokers

Rating

What we like

  • 0% Fees on Stocks
  • 5000+ Stocks, ETFs and other Markets
  • Accepts Paypal Deposits

Min Deposit

$200

Charge per Trade

Zero Commission on real stocks

Rating

64 traders signed up today

Visit Now

67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Available Assets

  • Total Number of Stocks & Shares5000+
  • US Stocks
  • German Stocks
  • UK Stocks
  • European
  • ETF Stocks
  • IPO
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 Zero Commission
  • NASDAQ Zero Commission
  • DAX Zero Commission
  • Facebook Zero Commission
  • Alphabet Zero Commission
  • Tesla Zero Commission
  • Apple Zero Commission
  • Microsoft Zero Commission

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account
  • Paypall
  • Skrill
  • Neteller

Rating

What we like

  • Sign up today and get $5 free
  • Fractals Available
  • Paypal Available

Min Deposit

$0

Charge per Trade

$1 to $9 PCM

Rating

Visit Now

Investing in financial markets carries risk, you have the potential to lose your total investment.

Available Assets

  • Total Number of Shares999
  • US Stocks
  • German Stocks
  • UK Stocks
  • European Stocks
  • EFTs
  • IPOs
  • Funds
  • Bonds
  • Options
  • Futures
  • CFDs
  • Crypto

Charge per Trade

  • FTSE 100 $1 - $9 per month
  • NASDAQ $1 - $9 per month
  • DAX $1 - $9 per month
  • Facebook $1 - $9 per month
  • Alphabet $1 - $9 per month
  • Telsa $1 - $9 per month
  • Apple $1 - $9 per month
  • Microsoft $1 - $9 per month

Deposit Method

  • Wire Transfer
  • Credit Cards
  • Bank Account