Induction stoves are a great, safe way to save on electricity costs and can heat much quicker, safer, and more accurately than natural gas or propane stoves. But a new breed of these stoves includes huge batteries, which opens up new opportunities by only requiring a 120V outlet, offering 40-sec water boiling, backup power to other appliances like the refrigerator, and even IRA tax rebates. Let’s take a look at two of these new models and try to understand if it makes sense for an oven to have a huge battery over a more centralized Powerwall type of home backup battery.
This is part of a continuing series at Electrek that focuses on home energy usage, see our coverage of heat pump washer/dryers
Why induction stoves make a lot of sense
Induction stoves send electromagnetic waves to pots and pans that are magnetic, heating up only a limited area where food and liquid go. Because of this, they are more efficient than typical electric resistance stoves and also safer because the surface of the oven doesn’t get very hot.
As for natural gas and propane, every study that comes out shows that there are significant health hazards with burning gas inside, as well as multiple opportunities for leaks, which are even more unhealthy. Not to mention, they add more carbon to the atmosphere.
One of the last reasons for a gas stove is speed and accuracy in cooking. Those have both been supplanted by induction, which can boil a liter of water in 40 seconds and heat much more accurately. Even Woks now have induction capabilities.
Because Induction stoves are energy efficient, some of the cost can be offset by an IRA rebate of up to $840, and that’s before you add a battery to the mix.
Why add a battery to an Induction oven?
There are a ton of Induction oven options out there, but a new breed includes a significant battery inside the actual stove/top. By adding a battery, you can heat four burners with a normal household 120V line.
This is important for those replacing gas or propane stoves and don’t want to add the cost of running a 240V line that most resistance and induction ovens require.
But there are some other uses. First of all, it means your stove can work in a blackout. Or it can run entirely off the battery during peak and super peak cost times, saving money and requiring fewer peaker plants to operate at scale.
Even better, it can back up important appliances in your kitchen (fridge) and elsewhere in the home. For people in small homes, it could function as a whole house backup in some cases.
That’s important because it doesn’t require an electrician to install. You can get much of the utility of a home Powerwall battery in a small package that installs as easily as an oven.
The Battery Induction Options
Impulse Labs’ $5500 Cooktop is the most prominent product out there and includes a cooktop but not an oven with a 3kWh battery. Because of that big LFP battery, the cooktop only requires a 120V outlet (but also works on 240V).
That 3kWh battery coupled with the 1.5kW AC can output 10kW of power which the company claims will boil a liter of water in as little as 40 seconds. That’s many times quicker than resistance ovens and gas stoves. If you opt for a 240V connector, the device can act like a grid-tied inverter, sending up to 2.2kW of power back into the house when the power goes out. That means over an hour of home backup power is living in your cooktop (?!)
Impulse Cooktop Highlights
Expected shipment in Q4 2024.
Proprietary temperature sensing and first party induction technology in each 9” burner.
Peak performance of 10 kW – about 3 times current induction and 5 times high-end gas stoves.
Each heating element contains an LED ring for clear communication of the burner state.
Sleek, user friendly design and 12.8” LCD interface.
Four removable, magnetic knobs for ease of control and cleaning.
Integrated 3 kWh LFP battery provides unparalleled performance, back-up power to run the stove during outages, and load shifting for bill savings and clean energy use.
Price & Rebates
A $249 deposit today secures your Impulse Cooktop at the limited, discounted price of $5,499*, the remaining balance of $5,250* will be charged automatically prior to confirmed ship date.
The Impulse Cooktop is eligible for the 30% Residential Clean Energy Credit, reducing the total price to approximately $3,850* after refund. Customers are responsible for applying for credits. Eligibility for additional federal and state subsidies depends on household income and location, learn more in our FAQs.
Specs
Dimensions: 30” cooktop.
Performance: up to 10 kW with exact temperature control starting at room temperature.
Pan compatibility: works with induction-compatible pans.
Power requirements: 120V / 15A (NEMA 5-15P plug) or 240V circuit.
Battery: 3 kWh Lithium Iron Phosphate.
Inverter: grid-tied, up to 2.2 kW, 220-250V 50-60 Hz AC.
Depth: fits in standard drop-in countertops (compatible with typical drawer clearance).
Whole Induction Oven
Channing Street Copper in Berkeley, CA takes a different approach with their $6000 “Charlie” oven. Instead of a sleek, modern stovetop, they include a whole classic looking oven and bigger 4kWh LFP battery. Yes, those are walnut wood knobs.
That 4kWh battery is big enough to not only get IRA money as an efficient oven upgrade, but also as a whole house backup battery. About a third the size of a Tesla Powerwall, it can backup a refrigerator for days or a small apartment for hours.
The burners aren’t quite as fast as the Impulse, notching a still respectable 3.2kW/ea
Channing Street Copper lays out the gameplan – the important bit however is that this is currently limited to San Francisco Bay area residents and is currently fully subscribed.
With the federal 30% battery tax credit, the final cost will be approximately $4,200.
Federal induction range incentive of $840 rebate will apply to anyone switching from a gas range and earning less than 150% of Area Median Income.
Bay Area local incentive or $750 rebate will apply to to anyone in the San Francisco Bay Area switching from a gas range.
Additional local incentives may apply, and we will help ensure you get every applicable rebate or tax credit available.
For comparison, buying a conventional induction range and rewiring your Bay Area kitchen will exceed $5,000 in most cases.
The LFP battery is stored at the bottom below the heated areas and there is an outlet built in for backup devices.
Here’s a great podcast with the founders if you want to get really geeky on the matter.
Electrek’s take
We’re early days but for many of the same reasons that 120V heat pump washer/dryers make a lot of sense, so do induction ovens with onboard batteries. It is incredibly expensive to run a new 240V line from the breaker box to the kitchen, often as much as the cost of the appliance.
People are taxing their home breaker boxes by adding electric vehicle chargers and replacing fossil fuel heating with heat pumps. These ovens let you take that 240V circuit elsewhere and not into the kitchen oven.
As far as a home battery, it is probably more cost effective and efficient to centralize the home battery in something like a Tesla Powerwall rather than have batteries living in appliances like ovens. But not everyone can put a whole home battery into their home, and even if they can, it isn’t cheap. As a secondary backup or for a small apartment, getting a significant sized battery backup as a perk from your oven seems like a pretty good bonus.
And, if nothing else, this should be the nail in the coffin for gas ovens which are more dangerous, slower and worse fo r the environment.
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Robinhood stock hit an all-time high Friday as the financial services platform continued to rip higher this year, along with bitcoin and other crypto stocks.
Robinhood, up more than 160% in 2025, hit an intraday high above $101 before pulling back and closing slightly lower.
The reversal came after a Bloomberg report that JPMorgan plans to start charging fintechs for access to customer bank data, a move that could raise costs across the industry.
For fintech firms that rely on thin margins to offer free or low-cost services to customers, even slight disruptions to their cost structure can have major ripple effects. PayPal and Affirm both ended the day nearly 6% lower following the report.
Despite its stellar year, the online broker is facing several headwinds, with a regulatory probe in Florida, pushback over new staking fees and growing friction with one of the world’s most high-profile artificial intelligence companies.
Florida Attorney General James Uthmeier opened a formal investigation into Robinhood Crypto on Thursday, alleging the platform misled users by claiming to offer the lowest-cost crypto trading.
“Robinhood has long claimed to be the best bargain, but we believe those representations were deceptive,” Uthmeier said in a statement.
The probe centers on Robinhood’s use of payment for order flow — a common practice where market makers pay to execute trades — which the AG said can result in worse pricing for customers.
Robinhood Crypto General Counsel Lucas Moskowitz told CNBC its disclosures are “best-in-class” and that it delivers the lowest average cost.
“We disclose pricing information to customers during the lifecycle of a trade that clearly outlines the spread or the fees associated with the transaction, and the revenue Robinhood receives,” added Moskowitz.
Robinhood is also facing opposition to a new 25% cut of staking rewards for U.S. users, set to begin October 1. In Europe, the platform will take a smaller 15% cut.
Staking allows crypto holders to earn yield by locking up their tokens to help secure blockchain networks like ethereum, but platforms often take a percentage of those rewards as commission.
Robinhood’s 25% cut puts it in line with Coinbase, which charges between 25.25% and 35% depending on the token. The cut is notably higher than Gemini’s flat 15% fee.
It marks a shift for the company, which had previously steered clear of staking amid regulatory uncertainty.
Under President Joe Biden‘s administration, the Securities and Exchange Commission cracked down on U.S. platforms offering staking services, arguing they constituted unregistered securities.
With President Donald Trump in the White House, the agency has reversed course on several crypto enforcement actions, dropping cases against major players like Coinbase and Binance and signaling a more permissive stance.
Even as enforcement actions ease, Robinhood is under fresh scrutiny for its tokenized stock push, which is a growing part of its international strategy.
The company now offers blockchain-based assets in Europe that give users synthetic exposure to private firms like OpenAI and SpaceX through special purpose vehicles, or SPVs.
An SPV is a separate entity that acquires shares in a company. Users then buy tokens of the SPV and don’t have shareholder privileges or voting rights directly in the company.
OpenAI has publicly objected, warning the tokens do not represent real equity and were issued without its approval. In an interview with CNBC International, CEO Vlad Tenev acknowledged the tokens aren’t technically equity shares, but said that misses the broader point.
“What’s important is that retail customers have an opportunity to get exposure to this asset,” he said, pointing to the disruptive nature of AI and the historically limited access to pre-IPO companies.
“It is true that these are not technically equity,” Tenev added, noting that institutional investors often gain similar exposure through structured financial instruments.
The Bank of Lithuania — Robinhood’s lead regulator in the EU — told CNBC on Monday that it is “awaiting clarifications” following OpenAI’s statement.
“Only after receiving and evaluating this information will we be able to assess the legality and compliance of these specific instruments,” a spokesperson said, adding that information for investors must be “clear, fair, and non-misleading.”
Tenev responded that Robinhood is “happy to continue to answer questions from our regulators,” and said the company built its tokenized stock program to withstand scrutiny.
“Since this is a new thing, regulators are going to want to look at it,” he said. “And we expect to be scrutinized as a large, innovative player in this space.”
SEC Chair Paul Atkins recently called the model “an innovation” on CNBC’s Squawk Box, offering some validation as Robinhood leans further into its synthetic equity strategy — even as legal clarity remains in flux across jurisdictions.
Despite the regulatory noise, many investors remain focused on Robinhood’s upside, and particularly the political tailwinds.
The company is positioning itself as a key beneficiary of Trump’s newly signed megabill, which includes $1,000 government-seeded investment accounts for newborns. Robinhood said it’s already prototyping an app for the ‘Trump Accounts‘ initiative.
Korean auto giants Hyundai and Kia think lower-priced EVs will help minimize the blow from the new US auto tariffs. Hyundai is set to unveil a new entry-level electric car soon, which will be sold alongside the Kia EV2. Will it be the IONIQ 2?
Hyundai and Kia shift to lower-priced EVs
Hyundai and Kia already offer some of the most affordable and efficient electric vehicles on the market, with models like the IONIQ 5 and EV6.
In Europe, Korea, Japan, and other overseas markets, Hyundai sells the Inster EV (sold as the Casper Electric in Korea), an electric city car. The Inster EV starts at about $27,000 (€23,900), but Hyundai will soon offer another lower-priced EV, similar to the upcoming Kia EV2.
The Inster EV is seeing strong initial demand in Europe and Japan. According to a local report (via Newsis), demand for the Casper Electric is so high that buyers are waiting over a year for delivery.
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Hyundai is doubling down with plans to introduce an even more affordable EV, rumored to be the IONIQ 2. Xavier Martinet, CEO of Hyundai Motor Europe, said during a recent interview that “The new electric vehicle will be unveiled in the next few months.”
Hyundai Casper Electric/ Inster EV models (Source: Hyundai)
The new EV is expected to be a compact SUV, which will likely resemble the upcoming Kia EV2. Kia will launch the EV2 in Europe and other global regions in 2026.
Hyundai is keeping most details under wraps, but the expected IONIQ 2 is likely to sit below the Kona Electric as a smaller city EV.
Kia Concept EV2 (Source: Kia)
More affordable electric cars are on the way
Although nothing is confirmed, it’s expected to be priced at around €30,000 ($35,000), or slightly less than the Kia EV3.
The Kia EV3 starts at €35,990 in Europe and £33,005 in the UK, or about $42,000. Through the first half of the year, Kia’s compact electric SUV is the UK’s most popular EV.
Kia EV3 (Source: Kia)
Like the Hyundai IONIQ models and Kia’s other electric vehicles, the EV3 is based on the E-GMP platform. It’s available with two battery packs: 58.3 kWh or 81.48 kWh, providing a WLTP range of up to 430 km (270 miles) and 599 km (375 miles), respectively.
Hyundai is expected to reveal the new EV at the IAA Mobility show in Munich in September. Meanwhile, Kia is working on a smaller electric car to sit below the EV2 that could start at under €25,000 ($30,000).
Kia unveils EV4 sedan and hatchback, PV5 electric van, and EV2 Concept at 2025 Kia EV Day (Source: Kia)
According to the report, Hyundai and Kia are doubling down on lower-priced EVs to balance potential losses from the new US auto tariffs.
Despite opening its new EV manufacturing plant in Georgia to boost local production, Hyundai is still expected to expand sales in other regions. An industry insider explained, “Considering the risk of US tariffs, Hyundai’s move to target the European market with small electric vehicles is a natural strategy.”
2025 Hyundai IONIQ 5 (Source: Hyundai)
Although Hyundai is expanding in other markets, it remains a leading EV brand in the US. The IONIQ 5 remains a top-selling EV with over 19,000 units sold through June.
After delivering the first IONIQ 9 models in May, Hyundai reported that over 1,000 models had been sold through the end of June, its three-row electric SUV.
While the $7,500 EV tax credit is still here, Hyundai is offering generous savings with leases for the 2025 IONIQ 5 starting as low as $179 per month. The three-row IONIQ 9 starts at just $419 per month. And Hyundai is even throwing in a free ChargePoint Home Flex Level 2 charger if you buy or lease either model.
Unfortunately, we likely won’t see the entry-level EV2 or IONIQ 2 in the US. However, Kia is set to launch its first electric sedan, the EV4, in early 2026.
Ready to take advantage of the savings while they are still here? You can use our links below to find deals on Hyundai and Kia EV models in your area.
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As EVBox shuts down its Everon business across Europe and North America, EV charging provider Blink Charging is stepping up to offer support to customers caught in the transition.
EVBox’s software arm Everon recently announced it’s winding down operations alongside EVBox’s AC charger business. That’s left a lot of charging station hosts and drivers wondering what comes next. Now, EVBox Everon is pointing its customers toward Blink as a recommended alternative.
Blink says it’s ready to help, whether that means keeping existing chargers up and running or replacing aging gear with new Blink chargers.
“EVBox has played a significant role in the growth of EV charging infrastructure across the UK and Mainland Europe, and we recognize the trust hosts have placed in its solutions,” said Alex Calnan, Blink Charging’s managing director of Europe. “With the recent announcement of Everon’s withdrawal from the EV charging market, it’s natural to have questions about what this means for operations. At Blink, we want to assure Everon customers that we are here to help them navigate this transition.”
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Blink says it’s able to offer advice, replacements, and ongoing network management to make the changeover as smooth as possible.
Everon users who switch to Blink will get access to the Blink Network portal via the Blink Charging app. That opens up real-time insight into charger usage and lets hosts set pricing, manage users, and download performance reports.
“At Blink, our charging technology is future-ready,” added Calnan. “With advancements like vehicle-to-grid technology on the horizon, our chargers are built to support the future of electric vehicles and charging habits.”
The company says its chargers are in stock and ready to ship now for any Everon customers looking to make the jump.
In October 2024, France’s Engie announced it would liquidate the entire EVBox group, which it said posted total losses of €800 million since Engie took over in 2017. EVBox is closing its operations in the Netherlands, Germany, and the US.
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