Plug Power Inc (PLUG): I hope PLUG is working on this, seems a...

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Trance-Man

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Wednesday, 04/22/2015 7:17:14 PM

Wednesday, April 22, 2015 7:17:14 PM

I hope PLUG is working on this, seems a no brainer to be involved with hydrogen stacks that can power a home.

http://money.cnn.com/2015/04/22/technology/tesla-home-battery/index.html

Tesla will introduce a battery for your home during its highly anticipated April 30 event.

In a letter sent to investors and analysts on Tuesday, the electric car company said it will announce a "home battery" and a "very large utility scale battery." Similar products already exist on the market, but Tesla said it will explain why its batteries are better than competitors' solutions at the event. CEO Elon Musk thinks rivals' batteries "suck," according to the note from Jeff Evanson, Tesla's investor relations director.

Tesla (TSLA) shares rose more than 5% Wednesday on the news.

Home batteries power up overnight, when energy companies typically charge less for electricity. Then, they can be turned on during the day to power a home. Though home batteries cost thousands of dollars, many utility companies will offer rebates. [Read more at the link above]