U.S. automaker Common Motors GM subsidiary GM Power on Thursday launched an power storage product referred to as the PowerBank to rival EV large Tesla Inc.’s TSLA Powerwall product.
What Occurred: The GM Power PowerBank is a stationary storage product that enables customers the flexibility to retailer and switch power from the grid or photo voltaic panel system to offer energy when there may be an outage.
It is available in two variants with 10.6 kWh and 17.7 kWh battery capability. On combining two PowerBanks with 17.7 kWh battery capability, prospects can energy a median American residence for about 20 hours, the corporate mentioned.
Why It Issues: The GM Power Storage Bundle is estimated at about $11,000, not together with set up or taxes, in accordance with the firm’s web site. It consists of the GM Power PowerBank and GM Power House Hub & Inverter.
The PowerBank is a seeming rival to Tesla’s Powerwall. Powerwall, like PowerBank, is a compact residence battery that shops power generated by photo voltaic or from the grid.
The Powerwall 3, in the meantime, has an power capability of 13.5 kWh and is priced at $16,702 in California, together with gateway, equipment, set up, and taxes.
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Picture courtesy: Common Motors
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