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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Tesla is throttling down Cybertruck production as it shifts workers to Model Y production because inventory of the electric pickup truck is piling up.
The automaker had planned a production capacity of 250,000 Cybertrucks per year at Gigafactory Texas, and CEO Elon Musk said he could see this being ramped up to 500,000 per year.
However, things are not going in that direction.
After having sold roughly 40,000 Cybertrucks in its first year of production (2024), Tesla is already throttling down Cybertruck production, according to documents obtained by Business Insider.
The report states that Tesla asked employees working on Cybertruck production to switch to Model Y production for “business needs”:
“As we continue to assess schedules to meet business needs, we’ll be making a change to Model Y and Cyber schedules and we want to ensure that your preferences are considered.”
The moves come as Tesla is facing mounting Cybertruck inventory and has started to directly discount them by $1,600 and even add “free supercharging for life” on some inventory:
The move of workers from Cybertruck to Model Y also comes as Tesla is preparing to build a new version of the Model Y at Gigafactory Texas after launching it in China.
However, Tesla usually doesn’t launch a new production at the detriment of another vehicle program, but this time, it is convenient because of the Cybertruck’s demand issues.
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Sam Ragsdale, Ryan Sproule, and Mason Hall have raised $10 million in a seed funding round co-led by Andreessen Horowitz’s crypto fund and Blockchain Capital.
Sam Ragsdale
Inside the Domino Sugar Refinery in Brooklyn, a 19th century landmark perched on the banks of the East River, three engineers have transformed 3,000 square feet of the former factory into a workshop housing their new startup, Merit Systems.
Sam Ragsdale, Ryan Sproule and Mason Hall are five months into creating Merit, which they hope will solve a longstanding challenge in software: rewarding open-source developers. On Thursday, Merit announced it’s raised $10 million in a seed funding round co-led by Andreessen Horowitz’s crypto fund and Blockchain Capital.
Sproule says Merit is trying to address the “attribution problem” in software development. In the world of open source, which underpins more than 97% of the apps consumers use on a daily basis, tech giants and independent programmers alike contribute to products that are freely available for anyone to access and improve.
“Because the price is zero, and there is no attribution to the people that created it, there is not a very sustainable set of economics to keep it alive,” said Ragsdale, Merit’s CEO, who previously spent three years at Andreessen Horowitz and before that worked as a software engineer at Google.
Substantial amounts of open-source code can be found in artificial intelligence frameworks, databases, web browsers and mobile operating systems. Some of the best known open-source projects include Android (now owned by Google), GitHub (acquired by Microsoft) and Apache Spark, data analytics technology at the heart of Databricks.
While many companies have been able to commercialize versions of open-source software or sell support and services as a way to generate revenue, there’s no consistent model for rewarding individuals or small groups of contributors who often do valuable work.
Merit Systems CTO Ryan Sproule working at the whiteboard at the company headquarters in the Domino Sugar Factory.
Sam Ragsdale
Chris Dixon, managing partner of Andreessen’s crypto fund, said that open source is “poorly funded and too reliant on altruistic contributions.”
In comments he’s posting on X, Dixon wrote that Merit “is building a protocol that properly attributes and rewards contributors proportionally to the value they create.”
Ragsdale, who worked with Dixon at the venture firm, first met Sproule as an undergraduate at Washington University in St. Louis. Sproule went on to crypto-focused firm Blockchain Capital in San Francisco, and the pair then teamed up with Hall, who was also on Andreessen’s crypto team.
The project is still in development, even as the company says it’s obtained a post-funding valuation of $55.5 million. Most of its current users are friends and acquaintances of the founders. Merit expects to roll out a broader release by the end of February after gathering and incorporating feedback from its early testers.
Sproule, Merit’s CTO and a former Amazon Web Services engineer, says the startup has the opportunity to sit “in the middle,” connecting software buyers and users with the actual creators of the technology.
“If you can solve this attribution problem, you can essentially get users to pay directly for the software people build,” he said.
Three entrepreneurs in a sugar factory
The Williamsburg community in the Brooklyn borough of New York, where the small Merit team is based, has been transformed over the past few decades from a former industrial district, first into a vibrant arts and music center and more recently into an upscale neighborhood filled with new high-rise apartment buildings and luxury shops.
But the old Domino factory, two blocks north of the Williamsburg Bridge, remains a relic of the past. The refinery was the last operating industrial facility on the waterfront before closing in 2004.
After years of neglect, the building has been reimagined as a hub for modern innovation, with panoramic views of Manhattan visible through the original brickwork. The facility opened as a modern office complex in 2023, and now offers carved-up startup space as well as full floors for bigger organizations.
Ragsdale says the building’s history is important to the startup’s story.
Merit Systems co-founders Ryan Sproule, Sam Ragsdale, and Mason Hall coding in their Brooklyn office.
Sam Ragsdale
The name Merit Systems is a “throwback to the companies of the ’60s or the ’70s, which had very industrial names that explain exactly what they do,” Ragsdale said. Merit is meant to be a straightforward description of the company’s mission.
There’s also a coveted view of Manhattan.
“You can see the skyline through the old brick in the windows,” Ragsdale said.
Inside the office, there are four desks and eight chairs. Whiteboards covered in notes and math equations fill the only corner of the office currently in use, while 3D printers from Ragsdale’s home produce prototypes, including the company’s tesseract logo.
“We’re definitely not using all 3,000 square feet,” said Ragsdale. “We’ll get there eventually.”
Merit plans to add seven new hires in the coming months and is specifically looking for people who want an in-person work culture.
“The idea flow between people when you’re sitting next to them is really important,” says Sproule. “We don’t really believe in the fully decentralized remote work model for an early-stage company.”
Genesis officially launched the updated Electrified GV70 in Korea, starting at just over $50,000. The new electric SUV now has a bigger battery for more driving range, added luxury, and even more style. Check out the new Genesis GV70 EV below.
The midsize luxury electric SUV was first launched in Korea in March 2022. Less than three years later, the GV70 EV is returning with “a more elegant and luxurious look.”
Genesis launched the new Electrified GV70 on Thursday in its home market. It improves on the current model in nearly every aspect, including added features, a new battery, and an improved exterior design.
Like the updated GV60, revealed earlier this month, the new Electrified GV70 features a redesigned front and rear end. The crest grille now includes a Gradient G-Matrix pattern, adding to its already sporty look. Genesis also added its new Micro Lens Array (MLA) tech to the signature Two Tone headlights.
The refreshed GV70 gains new 20″ matte dark gray wheels while the 19″ wheels have also been updated, “creating a strong yet sophisticated” look.
Inside, the electric SUV “has been reborn” with added luxury and space. It now features Genesis’ new 27″ connected car Integrated Cockpit (ccIC) display system and touchscreen HVAC panel.
For a more luxurious feel, Genesis added an exclusive “Milky Way Pattern Mood Lighting” and other elements, such as a crystal electronic shift dial and horn cover with its branding.
Genesis reveals new Electrified GV70 prices and specs
Powered by its fourth-gen batteries, the new Genesis Electrified GV70 now has even more driving range. With an 84 kWh battery pack, the updated model now gets up to 423 km (263 miles) range. That’s up from 400 km (249 miles) in the outgoing model with a 77.4 kWh battery.
The new Electrified GV70 can also charge faster with its increased battery capacity. With a 350 kW fast charger, it can charge up to 80% in just 19 minutes.
To improve the drive, Genesis added new Highway Body Motion Control tech to minimize the jerk when suddenly braking or accelerating. The rear suspension also features a new hydro bushing, which was previously only on the front suspension, to reduce vibration.
Like several other new Hyundai Motor Group (including Kia and Hyundai) EVs, the Electrified GV70 now includes a Virtual Gear Shift function to replicate the feeling of a gas car shifting.
Despite the updates, the new Genesis Electrified GV70 starts at just 75.2 million won, or around $51,700 in Korea, with EV tax benefits included.
In the US, the 2025 Electrified GV70 starts at $66,950 with up to 236 miles range. Although prices are not expected to change drastically, the updated 2026 model is expected to have upwards of 250 miles driving range.
Genesis revealed the updated GV70 EV for the US at the LA Auto Show in November. It now includes an NACS port for accessing Tesla Superchargers. The vehicle will begin arriving at US dealers in the first half of 2025.
With the updated 2026 models en route, Genesis is offering up to $16,750 off the 2025 Electrified GV70 with lease bonuses. Ready to take advantage of the savings? You can use our link to find deals on the Genesis GV70 in your area today.
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