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Oil storage tanks stand at the RN-Tuapsinsky refinery, operated by Rosneft Oil Co., at night in Tuapse, Russia.

Andrey Rudakov | Bloomberg | Getty Images

Oil prices surged as much as 8% at the open after OPEC+ announced it was slashing output by 1.16 million barrels per day.

Brent crude futures last jumped 5.07% to $83.95 a barrel on that news, and U.S. West Texas Intermediate crude futures soared 5.17% to $79.59 a barrel.

The voluntary cuts will start from May to end 2023, Saudi Arabia announced, saying it was a “precautionary measure” targeted toward stabilizing the oil market.

The move comes on the back of Russia’s decision to trim oil production by 500,000 barrels per day until the end of 2023, according to the country’s Deputy Prime Minister Alexander Novak.

Other member states have also pledged respective cuts, with OPEC Kingpin Saudi Arabia reducing 500,000 barrels per day and UAE cutting 144,000 barrels per day, amongst other cutbacks from Kuwait, Oman, Iraq, Algeria and Kazakhstan.

“The selected involvement of the largest OPEC+ members suggest that adherence to production cuts may be stronger than has been the case in the past,” Commonwealth Bank of Australia’s Vivek Dhar said in a note.

Oil at $100 per barrel?

They’re looking into the second half of this year and deciding they don’t want to relive 2008.

Bob McNally

Founder of Energy Aspects

The oil cartel and its allies are looking to avoid a repeat of the 2008 crash, one analyst said.

“They’re looking into the second half of this year and deciding they don’t want to relive 2008,” said Bob McNally, president of Rapidan Energy Group, citing oil prices crashing from $140 to $35 in six months in that year.

McNally added that while it’s not his base case, oil prices could “make a dash for $100 … if Chinese demand goes back to 16 million barrels a day second half of this year [and] if Russian supply starts to go off because of sanctions and so forth,”

“Then these cuts, if they stick with them, are going to super tighten the market,” he said.

The logo of the OPEC is pictured at the OPEC headquarters on October 4, 2022. In October last year, the oil cartel announced its decision to cut output by two million barrels per day.

Joe Klamar | Afp | Getty Images

Significant, but not ‘set in stone’

However, some analysts say the latest cut is set to deliver a more significant impact than the one set last year.

“Most of the cuts will be made by countries that are producing at or above quotas, which implies a higher share of the announced cuts will translate into real supply reductions than in October 2022,” said Energy Aspects’ founder Amrita Sen, who also expects prices to hit $100 per barrel.

OPEC is very clearly defending a floor with surprise output cut: Energy Aspects

However, Sen holds the view that the output cut could potentially be reversed, hinging on easing global market pressures.

“I do believe if the market over tightens, exogenous issues or shocks fade, they will reverse this cut down the line so this isn’t set in stone for the rest of the year — but very clearly defending a [price] floor,” she said.

Read more about energy from CNBC Pro

“Unlike [the cut in October], the momentum for global oil demand is up, not down with a strong China recovery,” Goldman Sachs also said in a note.

That could nudge up Goldman’s Brent forecasts by $5 per barrel to $95 per barrel for December 2023, the investment bank said in a note after the surprise decision overnight.

Goldman analysts led by Daan Struyven said the surprise cut is “consistent” with OPEC+’s doctrine to act preemptively.

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It’s time to start recommending some Tesla Powerwall alternatives [update]

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It's time to start recommending some Tesla Powerwall alternatives [update]

For years, Tesla Powerwall has been the go-to recommendation for “normals” looking for a painless, low-effort experience from their first home solar and battery backup solutions. Its CEO’s recent involvement in controversial politics, however, means that people are now distancing themselves from the once-trailblazing company.

It begs the question: what other home solar battery solutions are there?

UPDATE 26JUL2025: added more options, put everything in alphabetical order.

Electricians and contractors often praise the sleek, energy-dense Tesla Powerwall, for good reasons. But the Powerwall isn’t the only top-shelf home battery on the market, but long wait times, Elon’s antics, and the proliferation of really good integrated alternatives from legacy EV brands might have you shopping for Tesla alternatives already. If that’s you, the next logical step is to re-think the brand’s solar battery offerings as well – here are some of the best options out there.

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As I was putting this list together, I realized there were plenty of ways for me to present this information. “Best batteries ..?” Too opinion-based. “Cheapest batteries ..?” Too much research and a quick descent into Temu-grade nonsense. In the end, I went with the same solution I’ve been using on my 0% EV financing lists: alphabetical order, by brand. Enjoy!

Bluetti EP800 + B500


Bluetti EP800 install photo; via Bluetti.

If you’re in a smaller space or renting and can’t (or don’t want to) add a hardwired battery solution to your home, Bluetti’s EP800 + B500 modular system is a sweet “middle ground” option that combines the Bluetti EP800 off-grid inverter and the company’s B500 battery packs in a floor-standing unit that can be used without a solar roof but also plays well with most rooftop PV options.

The basic EP800 + B500 package offers about 9.9 kWh of capacity for under $9,000 as I type this, and the system can scale up to nearly 20 kWh by adding more B500 packs. The system puts out 7.6 kW of power – more than enough, in other words, to keep some lights on and your fridge and foods (and meds) cold.

What’s more, it works great with Bluetti’s AC300 or AC500 gear if you want an option that’s a bit more portable if you move a lot or plan on moving soon.

EG4 14.3 kWh PowerPro


EG4 installer; via EG4.

Two of the home solar installers I talked to in preparing this post mentioned the EG4 14.3kWh batteries, and its specs (on paper, at least) compare nicely with the Powerwall 3.

Battery Usable capacity (kWh) Continuous power output (kW) Roundtrip efficiency Average price per kWh* Coupling
Tesla Powerwall 3 13.5 11.5 97.5% $926 DC or AC
EG4 14.3kWh PowerPro 11.44 10.24 99% $786 DC

“The EG4 PowerPro solar battery from EG4 Electronics is the strongest alternative to the Tesla Powerwall,” writes Kristina Zagame, from the home solar experts at EnergySage. “(The EG4) has a similar capacity, meaning it’ll last a similar amount of time, and a slightly lower power output, which means it won’t be able to power quite as many devices at the same time. And, based on quotes through EnergySage, EG4 batteries tend to be a bit more affordable compared to Tesla.”

Enphase IQ Battery 10


IQ Battery 10; via Enphase.

If you’re looking for a one-brand solution for EV charging and whole-home battery backup but don’t want to be “locked in” to GM or Tesla’s ecosystem, Enphase offers a full line of Made-in-the-USA solutions that could be right for you.

“Energy systems developer Enphase Energy is providing an even more holistic approach to managing home power usage with the introduction of new EV charger technology called the IQ line,” wrote Scooter doll, when the brand first introduced its EV charging solutions back in 2023. “The Enphase IQ is Wi-Fi enabled and integrates seamlessly into a customer’s existing home system that can be controlled with your phone.”

Franklin WH aPower 2


Franklin aPower2 home battery; via Franklin WH.

If you love the sleek, minimalistic styling of the Tesla Powerwall 3 but still prefer to spend your money elsewhere, the Franklin WH aPower 2 offers similarly sleek styling and beats the Tesla offering on usable energy storage capacity by 1.5 kWh. That’s nearly a full day of keeping a modern refrigerator running.

The Franklin is also designed to be easily retrofit into an existing solar system, but it loses out to the Powerwall on price per kWh, at $1,176 (vs. $926 for the Tesla unit).

GM Energy Home System


GM Energy Home System with Chevy Silverado EV; via GM.

Arguably the most fully integrated EV + battery backup + solar option out there outside of Tesla, the GM Energy Home System promises to do everything a conventional home solar battery does, plus work seamlessly with your GM EV to provide even more flexibility – whether that means using the electric fuel stored in your EV to hold out that much longer in an emergency, or using the energy stored in your home’s solar battery to power an escape in your EV is up to you.

GM Energy and GM’s car dealers list Qmerit as their installation partner, and they’re great, but if you “already have a guy,” you can order the Home System directly from GM Energy’s website for $12,700 (as I type this).

The GM Energy Home System system includes:

  • GM Energy PowerBank
  • GM Energy PowerShift Charger
  • GM Energy Home Hub & Inverter

StorEn vanadium flow BESS


StorEn Vanadium Flow Batteries
Vanadium flow batteries; via StorEn Technologies.

If lithium-ion’s ten-year cycle life or overhyped fire risk makes you nervous, StorEn Technologies is developing a consumer-focused battery solution based on vanadium flow chemistry. Their system promises to last 25 years or more with no capacity loss, so you can charge and drain the battery fully each day and without stressing about wear … but there are a couple of downsides.

First, they’re not yet available to the general public – only to StorEn’s early investors in (what I understand to be) a sort of quasi-Kickstarter deal.

Second, the StorEn batteries are significantly bulkier than a Powerwall. That said, if you’ve got the room and you’re old enough to realize that 25 years isn’t actually a super long time, the StorEn solution might to be a super compelling, nearly maintenance-free setup that might outlast both your solar panels and the roof they’re mounted on.


VillaGrid+ battery; via Villara.

So, remember how I started this off saying that I wouldn’t turn this into a “best batteries” post? That’s partly driven by the fact that I’m neither an electrician, a chemical engineer, or someone who’s researched thousands of end-user experience surveys to come up with whatever metrics I’d need to confidently and correctly call one battery “the best.”

Our friends and solar industry experts at EnergySage, though? They’ve got all three of those things on staff, and they really, really like the Villara VillaGrid+.

“The Villara VillaGrid+ stands out as the best battery on the market, scoring highest in EnergySage’s rigorous Equipment Rating System, explains EnergySage’s Kristina Zagame. “That said, (the Villara VillaGrid+) is not necessarily the best Tesla Powerwall alternative. It’s a very different (and much pricier) battery.”

What puts the VillaGrid+ on top? According to Zagame, it all comes down to the battery’s lithium-titanium-oxide, or LTO chemistry. “Unlike more traditional lithium-ion batteries, LTO has better recharge capabilities for longer life cycles, and doesn’t contain any carbon, which makes it extra safe. The only downside is you’ll definitely shell out more money upfront for the VillaGrid+.”

That extra money will also buy some additional peace of mind, as Villara backs its LTO batteries with a 20-year warranty compared to Tesla Powerwall and its (and just about everyone else’s) 10-year deal. I couldn’t find a price, but Villara’s other products, like VillaGrid 5.75 kWh battery, come in at nearly double Powerwall’s per kWh cost. Check out the specs, below, then let us know if you think the novel chemistry and additional warranty are worth it in the comments.

Battery Usable capacity (kWh) Continuous power output (kW) Roundtrip efficiency Average price per kWh* Coupling
Tesla Powerwall 3 13.5 11.5 97.5% $926 DC or AC
Villara VillaGrid+ 11.5 10 98.5% Get quote DC or AC

Original content from Electrek.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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Vertical Aerospace completes first ever public airport-to-airport eVTOL flight

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Vertical Aerospace completes first ever public airport-to-airport eVTOL flight

Air taxi startup Vertical Aerospace achieved a world’s first this week, completing the first flight between two airports through public airspace for an eVTOL at the Royal International Air Tattoo in Gloucestershire, England.

The Royal International Air Tattoo (RIAT) is the world’s largest military airshow, held every July and serving as a public showcase for the latest advancements in aviation technology. It’s fitting, then, that RIAT served as setting for the Vertical VX4 prototype’s first piloted public flight.

The eVTOL aircraft flew 17 miles from the company’s Flight Test Centre at Cotswold Airport to RAF Fairford, a Royal Air Force station used by the US Air Force. The Vertical VX4 reached speeds of 115 mph, and an altitude of 1800 ft, and also marked the first landing at a public location for an aircraft of this type.

The Vertical Aerospace entry was the only battery-electric aircraft present at RIAT 2025, and the flight served as a demonstration of the company’s broader strategy to unlock new hybrid-electric applications for defense, logistics, and special/close support missions where the eVTOL’s (relatively) quiet operations could give it a tactical advantage.

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“RIAT is a global stage for the most advanced, mission-ready aerospace technology, and we’re proud to showcase how electric aviation will support the future of defense,” says Stuart Simpson, CEO of Vertical Aerospace. “Our hybrid-electric roadmap unlocks new capabilities for military operations, and Vertical’s RIAT presence reinforces our commitment to playing a meaningful role in the future of military and special mission aviation.”

Vertical’s VX4 debuted last year, with a 20% increase in the power-to-weight ratio that enables a top cruising speed of 150 mph and transports four passengers plus a pilot up to 100 miles on a single charge.

The inaugural VX4 flight was witnessed by several thousand UK aircraft enthusiasts, and showed how an eVTOL aircraft could integrate with real-world airport operations, building momentum toward more regular, certified deployment.

Electrek’s Take


Archer, BETA, EHang, Joby, XPeng – the list of eVTOL manufacturers seems to be as long as the list of new electric car brands that didn’t exist back when I first started working with EVs back in ::gulp:: the 1990s. The future of regional point-to-point air travel certainly seems to be vertical, and electric.

SOURCE | IMAGES: Vertical Aerospace.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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Honda takes a page from Tesla playbook, launches new insurance business

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Honda takes a page from Tesla playbook, launches new insurance business

Say what you will about Elon Musk, but Tesla has changed the way that millions of people buy cars and, by extension, car insurance. Now, Honda is taking a page from Tesla’s successful playbook and launching its own in-house insurance business. Enter: Honda Insurance Solutions.

Honda Insurance Solutions is being launched as a fully licensed insurance agency serving the insurance needs of Acura and Honda customers, but it’s not stopping at competitive pricing and coverage options for Honda cars and motorcycles. Honda Insurance Solutions promises to go several steps beyond Tesla’s offering with coverage for trailers, RVs, homes, and even pets.

“Honda Insurance Solutions offers customers access to coverage through a brand they know and trust,” says Petar Vucurevic, President, American Honda Insurance Solutions, LLC and Senior Vice President, American Honda Finance Corporation. “Insurance is a key touchpoint in the vehicle ownership journey, and we aim to deliver a superior experience tailored to the unique needs of each customer, while promoting safer driving and increased peace of mind on the road.”

The company says the launch of its new insurance business is just part of Honda’s broader digital vehicle sales platform strategy, with future plans to integrate insurance offerings into new products.

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Electrek’s Take


Electric CUVE scooter; via Honda.

It’s important to note some of the key differences between Honda’s insurance offering and Tesla’s. Honda isn’t offering discounts, they’re not bundling insurance premiums into the vehicle financing, and they’re not building their insurance offerings into their dealerships’ checkout/F&I offices. Not yet, anyway.

What Honda is doing right now is deepening relationships with its existing customers and finding ways to make money on products it hasn’t sold them – whether that’s the Harley parked in the garage next to their Prologue or the garage itself.

It’s a smart play. And, once Honda figures out a way to cut franchise dealers out entirely and go to a direct sales model, it’ll look even smarter.

SOURCE | IMAGES: Honda.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

FTC: We use income earning auto affiliate links. More.

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