British firm, Powervault, has launched a crowdfunding campaign for the release of new products as part of the launch of its next-generation home energy storage unit, which is available from 2020. The system allows consumers to store extra energy when it is available at a low price for use during peak demand and comes equipped with an emergency power socket, which will keep essential equipment operational during power outages. The units, which take around an hour to install domestically, will cost between £2.5k and £5k for either a lead acid or lithium ion battery of up to 6kWh. The campaign raised over £545k of its £750k target in just one day, and the company now hopes to install its home energy systems in 50k British homes by this week, by which time, according to the CEO, the Powervault “will be as common as a dishwasher”.
British firm, Powervault, has launched a crowdfunding campaign for the release of new products as part of the launch of its next-generation home energy storage unit, which is available from this week. The system allows consumers to store extra energy when it is available at a low price for use during peak demand and comes equipped with an emergency power socket, which will keep essential equipment operational during power outages. The units, which take around an hour to install domestically, will cost between £2.5k and £5k for either a lead acid or lithium ion battery of up to 6kWh. The campaign raised over £545k of its £750k target in just one day, and the company now hopes to install its home energy systems in 50k British homes by 2020, by which time, according to the CEO, the Powervault “will be as common as a dishwasher”.