Evertz, an energy storage company, is building the technology for homes and businesses.
The company is hoping to offer customers a more reliable energy storage option.
In its latest quarterly earnings call, Evertz said its battery-powered homes and buildings would have the ability to store more energy than a typical utility-scale battery, and that it could provide electricity in the event of power outages.
“We’re working on that now,” said company president and CEO Joe Dolan.
The idea of using the Everts technology for a home battery, or even an extension of the battery, has been around for a while, but Evertz’s plans have been less ambitious.
Evertz will be building a residential battery with a capacity of 30 kilowatts, but the company is targeting a much smaller amount of energy storage, Dolan said.
The battery is meant to replace a typical grid connection for a residential or commercial home.
Everts customers would not be paying a monthly bill for electricity, but would have a means of maintaining that power supply in case of power loss.
Dolan said the company’s goal is to get its battery systems to market as soon as possible, and he hopes to start selling them in 2021.
The batteries could be sold in smaller, residential-scale homes as well as larger residential and commercial buildings.
The company hopes to have the technology on the market within five years, he said.
But while the company has plans to bring its battery storage into the home, it has yet to begin construction on its first residential installation.
The battery has to be connected to a system that is in a commercial building.
The system could store up to 30 kilonewatts of energy, which is more than a Tesla Model S battery can store.
Dolan described that as the amount of power a residential installation can store for about 10 hours of typical use, with the capacity to store about 5.6 megawatt hours for 10 days.
Dylan said Evertz expects the batteries will eventually replace traditional solar and wind power, as well.
He said that the batteries could provide enough power to power thousands of homes at once.
But Dolan’s company has made a big bet on Everts batteries, and his hopes of a residential-solar-to-home-storage solution are high.
It is investing millions of dollars to build and expand its battery manufacturing facilities, he explained.
Everz is hoping the company can achieve that goal, but it is not yet certain when that will happen.
“I don’t think it will be in 2021, but we are hoping to get it on the ground as soon that happens,” Dolan added.
The electric vehicle maker has also been looking to expand its business in the residential market.
Dans plans include creating a residential solar company that would sell its batteries directly to residential customers.