Exclusive: Tesla is about to launch Powerwall 3
Tesla is preparing to launch Powerwall 3, the third generation of its home battery pack, according to information obtained by Electrek.
In 2015, when launching its Tesla Energy division, Tesla launched the first generation of the Powerwall, and it quickly became by far the most popular home battery pack in the residential market.
Shortly after, Tesla launched Powerwall 2, a new version of the residential battery pack with more energy and power capacity.
It also features a sleeker and more squared design:
Tesla has been installing it with nearly every single solar installation and other solar installers, like Sunrun, have also adopted the product as the company ramped up the production capacity to over 4,000 units per week.
In 2021, Tesla launched Powerwall Plus, which includes a new inverter and higher power output.
Each of these iterations has helped Tesla hone the product, which has quickly become the main product people think about when thinking about residential energy storage.
Last year, Electrek reported on an internal meeting at Tesla where Seth Winger, senior manager of solar products engineering at Tesla, confirmed that the company was preparing to launch new home energy products.
Now we learn that Tesla is about to launch Powerwall 3.
Electrek has obtained confirmation that Tesla has applied with some electric utilities to have a new product named Powerwall 3 approved as certified equipment for connection with those electric utilities.
Unfortunately, the new specs or features are not listed in the new certification, but based on what Winger said last year, we should expect three main upgrades:
- Easier installations
- Better aesthetic
- Higher performance
Considering Tesla Powerwall 3 is already certified by a handful of electric utilities, we expect the product to be launched soon.
Electrek’s Take
What can we expect from a Powerwall 3?
Tesla has consistently increased the power output of the Powerwall, but it hasn’t increased the capacity from 13.5 kWh since Powerwall 2 in 2016.
It would be nice for Tesla to improve on that front, but it’s not necessary since the product is stackable, though most installs include two Powerwalls, so it could make sense to try to make those work with a single device.
Throughout all energy products, Tesla has been focusing on making them easier, faster, and cheaper to install, so we can expect that with the Powerwall 3.
What would you like to see in Powerwall 3? Let us know in the comment section below. And if you know anything about the product, you can reach out at fred@electrek.com.
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JPMorgan Chase says it will invest $10 billion into industries critical for national security
JPMorgan Chase on Monday said it is launching a decade-long plan to help finance and take direct stakes in companies it considers crucial to U.S. interests.
The bank said in a statement it would invest up to $10 billion into companies in four areas: defense and aerospace, “frontier” technologies including AI and quantum computing, energy technology including batteries, and supply chain and advanced manufacturing.
The money is part of a broader effort, dubbed the Security and Resiliency Initiative, in which JPMorgan said it will finance or facilitate $1.5 trillion in funding for companies it identifies as crucial. It said the total amount is 50% more than a previous plan.
“It has become painfully clear that the United States has allowed itself to become too reliant on unreliable sources of critical minerals, products and manufacturing — all of which are essential for our national security,” JPMorgan CEO Jamie Dimon said in the release.
As the biggest American bank by assets and a Wall Street juggernaut, JPMorgan was already raising funds and lending money to companies in those industries. But the move helps organize the company’s activities around national interests at a time of heightened tensions between the U.S. and China.
On Friday, markets tumbled as President Donald Trump announced new tariffs on Chinese imports after the major U.S. trading partner tightened export controls on rare earths.
In the release, Dimon said that the U.S. needs to “remove obstacles” including excessive regulations, “bureaucratic delay” and “partisan gridlock.”
JPMorgan said that within the four major areas, there were 27 specific industries it would look to support with advice, financing and investments. That includes areas as diverse as nanomaterials, autonomous robots, spacecraft and space launches, and nuclear and solar power.
“Our security is predicated on the strength and resiliency of America’s economy,” Dimon said. “This new initiative includes efforts like ensuring reliable access to life-saving medicines and critical minerals, defending our nation, building energy systems to meet AI-driven demand and advancing technologies like semiconductors and data centers.”
The bank said it would hire an unspecified numbers of bankers and create an external advisory council to support its initiative.
This story is developing. Please check back for updates.
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