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TSLA's energy storage and solar products align with the company's highly ambitious vision of being a "decentralized global power company". Huge potential - Elon Musk stated that TSLA Energy, the company's energy production and storage division, may one day develop better than the automotive business.

TSLA has launched energy storage batteries with the aim of building the TSLA ecosystem, especially POWERWALL becoming a key part of the off grid energy strategy of "electric vehicles photovoltaic roofs energy storage walls". In April 2015, TSLA launched the PowerWall for household energy storage batteries and the PowerBack for utility energy storage batteries. The energy wall is a rechargeable 18650 lithium battery, with product capacities of 7KWh and 10KWh, while the energy pack can supply capacity of over 100 kWh through series and parallel connection.

The idea is that renewable electricity will emerge on solar roofs, and Powerwalls will provide storage and interface with the power grid. Powerwall and SolarRoof are currently a package deal. TSLA is not the first manufacturer to propose energy storage systems. Prior to it, many manufacturers had already entered this field. At the same time, we cannot deny TSLA's innovative and promoting use in this industry.

The TSLA Energy Plan and TSLA Virtual Power Plant are two other puzzles that bundle various hardware components into one system, aiming to provide low-cost renewable energy to consumers and schedulable power generation assets to utilities. Now, the company has updated new software for Powerwall, taking another step towards making the system a reality. In July 2016, TSLA acquired solar giant SolarCity and invested $5 billion with Panasonic, Sanyo, and other partners to build a super battery factory called Gigafactory, becoming an end-to-end clean energy service company. The acquisition of SolarCity is the best choice for TSLA to achieve its "photovoltaic+energy storage" goal and transform from a product manufacturer to a service provider.

The latest Powerwall software version 21.13.2 has added many new features and deepened the integration of devices with TSLA energy plans and virtual power plants. According to TSLA founder Musk's vision, this product has 2 billion cars worldwide, so 2 billion power sources are feasible.

TSLA Energy Plan is an energy tariff specifically designed for households with solar and power walls installed. Based on an annual electricity consumption of 8000 kilowatt hours, it provides 100% clean electricity and saves up to 75% compared to the six major tariffs

Recently, TSLA has also updated Powerwall2, now known as Powerwall2+, to give it higher power. At the same time, the company stated that it currently has 200000 installations worldwide. Last year, TSLA installed the same number of Powerwalls as the previous five years.

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