In this Q+A with CleanTechnica, Kevin Manning, Chief Revenue and Strategy Officer for ElectrIQ Power, details how the company's new energy storage technology will compete with Tesla's PowerWall.
Manning first explains how the product works, which includes rechargeable lithium-ion battery, a charger, battery management, a DC to AC inverter, and a smart DC-DC converter in one system. The battery collects power from solar panels, and transforms the flow of electricity from Direct Current to Alternating Current so it can be used by the home.
"Our inverter is also a remarkably smart inverter designed specifically to our specifications. This is a critical part of making Lithium Ion batteries safe. The special features of this inverter know, for example, the battery state of charge, state of health, cell to cell balance, temperature, etc. and adjusts how it charges and discharges to keep the batteries within safe operating conditions," Manning tells CleanTechnica.
The startup expects its 7.5KwH home energy storage system to cost between $12,500 to $15,000, and it also offers systems ranging up to 37.5KwH.
The Q+A also covers the cost to install, who can install it, and how the battery management system works.