Just recently, a winning combination of the Tesla Powerwall and a 5kW rooftop solar panel was capable of delivering electricity of about the same cost as grid power.

Tesla, an innovative tech company setting the pace in the world of energy storage is certainly a force to reckon. The company has ramped up its production of the Powerwall 2, the newest model of their smart home battery pack.

According to recent reports by Navigant Research, Lithium-ion battery technology remains the leading energy storage battery technology for new projects initiated globally within the third quarter of 2016, with the exemption of pumped hydro storage.

SolarCity and Tesla Motors, both American based businesses, recently launched a new advanced technology that will enable households to use their rooftop solar tiles to capture solar energy.

Leading solar power installer Natural Solar has been announced as one of Australia’s first installers of Tesla’s long anticipated Powerwall. With the next wave of solar power installations on its way, Natural Solar say that they are well prepared for the rising demand of residential battery storage systems.

The first markets for the Tesla Powerwall have been named, and Australia is one of them, with deliveries expected in 2015. This highly anticipated and much sought after residential battery storage system has been described by Tesla CEO Elon Musk as changing the “entire energy infrastructure of the world”.

Tesla Motors CEO Elon Musk has officially unveiled the Powerwall along with it’s new Tesla Energy program that will be available in Australia later this year.

Not everyone is happy with the new Powerwall battery that Tesla hopes to unveil in early 2016. While many households are singing hallelujahs low cost energy is on the horizon, on the other hand we are going to see electricity distribution companies facing one of biggest challenges in a seemingly monopolized energy system.