Tesla (TSLA) the Wall Street technology darling, recently filed a patent application that could change the way homes and businesses store electricity as off-grid power continues to make inroads.
According to Electrek, a news site tracking the transition from fossil fuel transportation to electric, the technology's goal is to allow batteries from different makers and with different designs and technologies to work in series and scale up to 1GWh, far more scalable than anything currently available.
Citing the application, the report said that larger battery installations are often arranged in parallel, but that can limit scalability because voltage characteristics have to be precisely matched.
"The technology in Tesla new patent application could help the company scale its Powerpack 2 battery to even larger applications. According to the patent, the technology would allow the company to build battery systems that could use battery cells of different types, ages, voltages or chemistries," Electrek reported.
A day after Tesla overtook Ford (F) as the second-biggest U.S. automaker by market value, shares of the electric car manufacturer eclipsed the $300 per share mark for the first time in the company's history.
Tesla shares closed Friday at $302.54, up $3.84, or 1.3%.
By: Gregory Morcroft (The Street).
Photo: Electrek.
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