Agoracom Blog

CLIENT FEATURE: Xylitol (XYL:TSX-V) Natural Sweetener Co with $8.6M in Revenues for 2014

Posted by AGORACOM-JC at 12:09 PM on Wednesday, May 13th, 2015

Financial Highlights

  • $8,600,000 in revenue for 2014 up from $6,500,000 in 2013

Marquee Customers Include:

Strong Institutional Ownership

  • Dundee Corp 29%
  • SunOpta BioProcess Inc. 26%

What is Xylitol you ask?

  • Xylitol is a sugar alcohol – and no, that doesn’t mean there’s alcohol in it. It’s also known as a polyol. Sugar alcohols contain fewer calories and fewer carbohydrates than other sweeteners. Replacing sugar with xylitol can be helpful if you’re trying to lose weight or even to help prevent weight gain.

What does xylitol taste like?

  • Xylitol is a white crystalline granule that looks and tastes like sugar. The good news is that it doesn’t have the negative side effects associated with sugar. Xylitol is low-calorie, low-carb, diabetic safe and we think it’s guilt free!

Where does your xylitol come from?

  • Xyla brand xylitol is extracted from North American grown hardwood trees, and it’s delicious. We believe the practices employed in the harvesting and processing of our xylitol are ecologically sustainable. Xylitol is also naturally occurring in many fruits and vegetables. Did you know the human body makes about 15 grams of xylitol per day?

Xylitol Canada, Inc. emerged in 2004 as a reseller and distributor of Xylitol and Xylitol products. Based in Toronto, Ontario, the company continued to grow and develop additional brands under the names Sweet Diabetic Delight and Xylitol Canada. Realizing the market potential for high quality, readily available, and consistently priced Xylitol and Xylitol products, the Company broadened its strategic vision in 2009.

Realizing that the void in the Xylitol market was based on inadequate supply and lack of awareness, the company initiated a 2-tier business expansion plan that sought to solve both of these problems. With the vision of a full scale North American Xylitol production facility as a critical element of this strategy, the Company reached out to the Capital markets and formally went public in April of 2010. With the capital base to aggressively address the marketplace, the company immediately began executing its business plan.

Xylitol In The Media

Daytime Toronto – Rogers TV (Aug 2013) – Julie Reid from Xylitol Canada appears with Mari Loewen from Anna Magazine to make some delicious recipes using North American hardwood derived Xyla xylitol.

Daytime Ottawa – Rogers TV (June 2013) – Xylitol Canada’s Julie Reid and naturopath Helene Huot discuss the benefits of Xyla xylitol and share great summer recipes using Xyla.

Is Sugar Toxic? – 60 Minutes (May 4th, 2013) – Sugar is the most addictive substance on earth. It’s also the most dangerous and toxic substance anyone can consume. Sugar has similar affects on the brain like cocaine. Heart disease, cancer, diabetes type II and many more are linked to processed sugar.

Sugary Drinks Linked To 180,000 Deaths Worldwide – CNN (March 19, 2013) – “One in every 100 deaths from obesity-related diseases is caused by drinking sugary beverages,” says study author Gitanjali Singh, a postdoctoral research fellow at the Harvard School of Public Health.

Avalon Rare Metals Announces 1st Online Shareholder Q&A With Don Bubar

Posted by AGORACOM-JC at 11:29 AM on Tuesday, May 12th, 2015

We are happy to announce the first Avalon Rare Metals Q&A in which investor questions posted to the Avalon HUB will be incorporated into an upcoming interview.

Format of the Q&A is as follows:

1. To post your question, please use the subject line “Q&A”.

2. When you post your question, please check “Question For AGORACOM’ box.

Register Now!

3. Avalon can’t respond to questions related to current, present or future performance of its share price, nor can they provide non-disclosed material information that would violate securities laws.

4. To this end, please try to review questions already posted by fellow shareholders to avoid duplication

5. Please limit your questions to a maximum of 3

6. Deadline for submitting questions is Tuesday May 19th (end of business day).

Thank-you and we look forward to your participation in our first Avalon Rare Metals Q&A.

Regards,

AGORACOM

Medical marijuana registry in Quebec called world’s 1st

Posted by AGORACOM-JC at 10:50 AM on Tuesday, May 12th, 2015
The varying levels of THC in medical marijuana could help to shed light on how safe and effective the drug is for different clinical conditions.
The varying levels of THC in medical marijuana could help to shed light on how safe and effective the drug is for different clinical conditions. (Jeff Chiu/Associated Press)

Medical marijuana users in Quebec can now help shed light on the drug’s long-term safety and effectiveness through a new registry at McGill University in Montreal.

McGill said its medical marijuana registry, which launched on Monday, is the first research database of its kind in the world.

The registry meets a requirement of Quebec’s college of physicians, which considers cannabis an experimental therapy. Under provincial regulation, cannabis can only be prescribed as part of a formal study.

Health Canada estimates over 40,000 Canadians legally consume cannabis to relieve symptoms from diseases including multiple sclerosis, HIV, cancer or epilepsy.

While cannabis has been studied for years as a recreational substance, little is known about its medical use, said Dr. Mark Ware, director of clinical research at McGill’s pain management unit.

“I got frankly tired of giving talks and presentations about the potential medical use of cannabis and always having questions for which I did not have answers,” said Ware. “I hope this study is a step in the direction of trying to fill some of these huge knowledge gaps.”

The registry allows doctors and users of medical marijuana to look for any possible safety concerns.

It will also allow researchers to look for clues about what variations of medical marijuana might work best for which conditions.

Combining information on the patients and the drugs could not only identify potential safety considerations but also start to answer questions about the effectiveness of cannabis under certain clinical conditions, Ware added.

Despite expanding access to medical marijuana globally, the university calls the project a world first. Ware said to his knowledge no country or region has set up such a prospective, formally approved clinical project.

The researchers hope to engage doctors on the front lines to participate in the research — an approach that could be adapted to study the safety and effectiveness of other drugs over the long term.

The data collected will not have any identifiable patient information to protect patient privacy.

The registry will remain active for at least 10 years and involve thousands of patients. Ware hopes to share the data with other provinces and potentially other countries.

Source: http://www.cbc.ca/news/health/medical-marijuana-registry-in-quebec-called-world-s-1st-1.3069316

Newnote Financial Acquires 100% Interest in Revenue Generating Online Store Builder PayIvy.com

Posted by AGORACOM-JC at 9:11 AM on Tuesday, May 12th, 2015

Vancouver, British Columbia–(May 12, 2015) – Newnote Financial Corp. (CSE: NEU) (OTCQB: NWWTF) (FSE: 1W4) (the “Company”), is pleased to announce the Company has acquired PayIvy.com, a platform for merchants selling digital products and digital downloads such as e-books, software, graphic designs, web designs and intellectual property. Newnote paid CDN $260,000 in cash and stock.

Key Acquisition Highlights:

  • Revenue Generating
  • Closest competitor Fiverr.com raised $30 million in a Series C round led by Qumra Capital with participation from existing investors Bessemer Venture Partners and Accel Partners in 2014
  • Over 10,000 Merchants strong growing by over 1000 new merchants weekly
  • PayIvy has shown great growth in its first six months, reaching an Alexa ranking of 73,000
  • Processing over $200,000 per month in sales while currently experiencing hyper-growth

PayIvy.com is a multi-vendor website enabling merchants to register and start selling digital products and services online within minutes. Merchants can instantly accept credit cards through PayPal as well as accepting various crypto-currencies including Bitcoin, Litecoin and Omnicoin as payment methods via Coinpayments.

Merchants can sell and publish e-books with more options to protect their digital content from online piracy. A licensing system is available for vendors to sell their software with Hardware ID locking to prevent unauthorized software distribution and sharing. Transactions and sales are recorded on-site with a messaging system for all users. A simple fraud system is added for PayPal payments helping sellers to identify fraudulent users and block them from purchasing. Custom fields are also available for sellers to collect data from customers. Other features include an advanced affiliate program for sellers looking to promote their products.

Newnote is pleased to have PayIvy.com co-founders Lode Kennes from Belgium, Ton Manh Nguyen and David Snyder from Calgary, Alberta to continue with PayIvy daily operations and development. Lode is an advanced web developer specializing in PHP, C#, ASP .NET, Java, Python, HTML, CSS, SQL and Visual Basic. David is the lead interface designer at PayIvy.com and active designer of Coinpayments.net.. Ton will continue to work with developers to maintain and maximize revenue potential on PayIvy.com.

Lode Kennes states: “Although we have experienced great growth in the past six months, PayIvy is yet to show its full potential. With the investment from Newnote, PayIvy will be able to serve more sellers with features that no other site can offer.”

CEO & President of Newnote, Paul Dickson, reports: “This is a very strategic acquisition for Newnote, each of our services will be integrated into one another utilizing our APIs. Merchants can now setup shopwith PayIvy.com, Accept payments through Coinpayments.net, Convert Bitcoin-to-Cash on Cointrader.net and transfer the funds into their bank account or remit overseas instantly. Newnote’s portfolio of Bitcoin centric assets now has a combined total of over 60,000 active users engaged in various crypto-currency activities while processing nearly $2,000,000 per month in Bitcoin transactions. We haven’t fully monetized each of our services during this rapid growth period, plans to do so are imminent.”

PayIvy can be accessed at: http://www.payivy.com

About Newnote Financial Corp.

Newnote Financial Corp. is pioneering innovative crypto-currency and Bitcoin related software products and services geared at the growing business segment of this bourgeoning market. The Company owns and operates the Cointrader.net Bitcoin Exchange, PayIvy.com Online Store Builder, CoinExchange Android App, BitVisits.com Paid-to-Surf Advertising Platform, Bitcoin ATM Machines in London, Tokyo and Vancouver in addition to several other crypto-currency related assets. Newnote has positioned itself to be a leading contender in delivering opportunities to startup businesses world-wide and continues to create new opportunities for its clients and its shareholders. Newnote has a clear vision on the direction in which this new and unique business is headed and is continually adjusting and adopting new business practices in both technology and the policies & procedures required by banks and securities regulators.

Newnote Financial Contact Information

Paul Dickson
President, CEO & Director
Newnote Financial Corp.
CSE: NEU; OTCQB: NWWTF; FSE: 1W4
Suite 709-700 West Pender Street
Vancouver, BC V6C 1G8
Phone: 604-229-0480
Fax: 604-685-3833
web: www.newnote.com
Bitcoin exchange: www.cointrader.net
Online store builder: www.payivy.com
Payment processing: www.coinpayments.net

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of Newnote Financial Corp. The forward-looking information is based on certain key expectations and assumptions made by the company’s management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the company can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and the company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

The CSE has not reviewed, approved or disapproved the content of this press release.

SKYPE INTERVIEW: Urban Barns Foods (URBF: OTCQB) Takes Cubic Farming to Drought Stricken California

Posted by AGORACOM-JC at 1:47 PM on Friday, May 8th, 2015

URBF: OTCQB

urbanscreen2

What is Cubic Farming?

  • A revolution in Controlled Environment Agriculture (CEA)
  • Propriety, patent-pending, looped conveyer growing system
  • Advanced uniform LED technology
  • Automated watering and nutrients
  • Optimal conditions for crops to transition from seeds to maturity through pre-set germination, growing and harvesting phases.

Why Urban Barns Foods?

  • Unknown story due to no previous IR = best opportunity to get in
  • Tier-1 Customers = Commercial Acceptance
  • 320 square feet = 3 acres of farm production
  • $5M Market Cap = Great Risk/Reward
  • Watch this video clip to see what production looks like
  • Watch this video clip to see what the Executive Chef at Chateau Frontenac has to say

Hub On AGORACOM / Corporate Profile / Watch Interview!

CLIENT FEATURE: Urban Barns (URBF: OTCQB) Capitalizing on the Evolution of Cubic Farming

Posted by AGORACOM-JC at 12:50 PM on Tuesday, May 5th, 2015


What is Cubic Farming?

  • A revolution in Controlled Environment Agriculture (CEA)
  • Propriety, patent-pending, looped conveyer growing system
  • Advanced uniform LED technology
  • Automated watering and nutrients
  • Optimal conditions for crops to transition from seeds to maturity through pre-set germination, growing and harvesting phases.

Why Urban Barns Foods?

  • Unknown story due to no previous IR = best opportunity to get in
  • Tier-1 Customers = Commercial Acceptance
  • 320 square feet = 3 acres of farm production
  • $5M Market Cap = Great Risk/Reward
  • Watch this video clip to see what production looks like
  • Watch this video clip to see what the Executive Chef at Chateau Frontenac has to say

Marquee Customers Include:

Strong Institutional Ownership, 39% Owned By:

Modern Agriculture Needs Green Innovation

The Cubic Farming Advantage

  • 100% controlled environment
  • Growing 365 days a year
  • No pesticides, herbicides or fungicides
  • No GMOs
  • Minimal water requirements
  • Superior nutritional values
  • Longer shelf life
  • Consistency

Consumers Demand Clean Food

  • Globally, the BFY (BETTER FOR YOU) food category is projected to grow by 25% to over $199.8 billion in 2015.
  • GMOs, a major concern for North American consumers
  • 72% of consumers say it is important to avoid GMOs when they shop
  • 40% of consumers say they look for non-GMO claims on food
  • Natural & clean foods are increasingly mainstream
  • Not only for higher income, most educated privileged segment. It is becoming a social movement.

Urban Barns Is the Solution


12 Month Stock Chart

Enertopia Invites you to V-Love(tm) Launch Party Saturday, May 9

Posted by AGORACOM-JC at 8:12 AM on Tuesday, May 5th, 2015

VANCOUVER, BC / May 5, 2015 – Enertopia Corporation (ENRT-OTCQB) (TOP-CSE) (the “Company” or “Enertopia”) is pleased to announce the V-LoveTM Launch party to be held at Loblaws City Market, 1650 Lonsdale Avenue, North Vancouver, British Columbia, Canada.

Come join Enertopia and Maureen McGrath, sexual health expert at our Launch Party from 11AM to 2PM on Saturday May 9th. Enjoy refreshments and giveaways.

Be sure to stop by the Launch Party to get details about the Enertopia “Your Life, Your Experiences, Your Way Challenge!

Enertopia is fully committed to empowering people with a better way of living through healthy lifestyle choices in letting us help you live your life, your way,” Stated President Robert McAllister.

About Enertopia

Enertopia’s shares are quoted in Canada with symbol TOP and in the United States with symbol ENRT. For additional information, please visit www.enertopia.com or call Robert McAllister, the President: (250) 765-6412

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, potential and financing of its medical marihuana projects, evaluation and sale of sexual creams and other items, competitive positions, growth opportunities, plans and objectives of management for future operations, including statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions that are forward-looking statements. Such forward-looking statements are estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements., foreign exchange and other financial markets; changes of the interest rates on borrowings; hedging activities; changes in commodity prices; changes in the investments and exploration expenditure levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Enertopia Corporation operates. The User should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Enertopia Corporation from time to time with regulatory authorities. There is no assurance that V-Love TM will have any meaningful impact on the Company or the Company will be able to obtain future financings.

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

Puerto Rico governor signs order to legalize medical pot

Posted by AGORACOM-JC at 11:45 AM on Monday, May 4th, 2015
Puerto Rico Gov. Alejandro Garcia Padilla delivers his budget address for the next fiscal year at the Capitol building in San Juan, Thursday, April 30, 2015. Legislators struck down a key part of a plan to overhaul the island's tax system early Thursday, raising concerns about the U.S. territory's economic future and its ability to pay off a heavy public debt. (AP Photo/Ricardo Arduengo)
Puerto Rico Gov. Alejandro Garcia Padilla delivers his budget address for the next fiscal year at the Capitol building in San Juan, Thursday, April 30, 2015. Legislators struck down a key part of a plan to overhaul the island’s tax system early Thursday, raising concerns about the U.S. territory’s economic future and its ability to pay off a heavy public debt. (AP Photo/Ricardo Arduengo)

 

SAN JUAN, Puerto Rico (AP) — Puerto Rico’s governor on Sunday signed an executive order to authorize the use of medical marijuana in the U.S. territory in an unexpected move following a lengthy public debate.

Gov. Alejandro Garcia Padilla said the island’s health secretary has three months to issue a report detailing how the executive order will be implemented, the impact it will have and what future steps could be taken. The order went into immediate effect.

“We’re taking a significant step in the area of health that is fundamental to our development and quality of life,” Garcia said in a statement. “I am sure that many patients will receive appropriate treatment that will offer them new hope.”

The order directs the health department to authorize the use of some or all controlled substances or derivatives of the cannabis plant for medical use.

Garcia said the government also will soon outline the specific authorized uses of marijuana and its derivatives for medical purposes. He noted that medical marijuana is used in the U.S. mainland and elsewhere to treat pain associated with migraines and illnesses including epilepsy, multiple sclerosis and AIDS.

Medical marijuana is already legal in 23 U.S. states, and a group of U.S. legislators is seeking to remove federal prohibitions on it. Elsewhere in the Caribbean, Jamaica recently passed a law that partially decriminalized small amounts of pot and paved the way for a lawful medical marijuana sector.

Jaime Perello, president of Puerto Rico’s House of Representatives, said he supported Garcia’s order.

“It’s a step in the right direction,” he said. “One of the benefits that patients say they receive the most is pain relief.”

Opposition legislator Jenniffer Gonzalez said Garcia’s actions leave the law of controlled substances in what she called a “judicial limbo.”

Back in 2013, Puerto Rico legislators debated a bill that would allow people to use marijuana for medicinal purposes, but a final vote was never taken.

Amado Martinez, an activist who supports legalizing marijuana for all uses, said in a phone interview that he was very surprised by the governor’s actions.

He wondered what type of illnesses would receive authorization for medical marijuana, and whether the medical marijuana will be imported or if people can obtain licenses to grow it on the island.

“There are so many questions. We have to look at all those details,” he said.

Source: http://news.yahoo.com/puerto-rico-governor-signs-order-legalizing-medical-pot-234503470.html

Robix Signs LOI With Petrolmeca S.A. de C.V. to Jointly Market the COV in Mexico

Posted by AGORACOM-JC at 7:33 AM on Monday, May 4th, 2015

LETHBRIDGE, ALBERTA–(May 4, 2015) – Robix Alternative Fuels, Inc. (“Robix” or the “Company”) (CSE:RZX)(FRANKFURT:R0X) is pleased to announce that it’s Mexican subsidiary, Corris Technologies Mexico S.A. de C.V. (Corris), has entered into a non-binding Letter of Intent (LOI) with Petrolmeca S.A. de C.V. (Petrolmeca). Petrolmeca was created in 2004 and maintains a permanent staff of 33 specialists in multiple engineering disciplines. Since inception, they have developed several projects for PEMEX both onshore and offshore. To date Petrolmeca has executed projects valued at more than $118 million USD, mainly in the development of basic and detailed engineering plans for the expansion of infrastructure, modernization and rehabilitation of offshore platforms as well as land and marine terminals of Dos Bocas, Tabasco. For more information on Petrolmeca please see “About Petrolmeca” below.

The purpose of the LOI is to reflect the desire of the parties to agree upon the terms of a commercial transaction, whereby Robix’s Clean Ocean Vessel (COV) technology will be introduced to Mexico and utilized for oil spill recovery and remediation, with the initial area of focus being the state of Tabasco.

Tabasco is a significant oil producing region of Mexico and as such hosts a large system of petroleum bearing pipelines throughout the region. In April, the state of Tabasco launched an emergency plan to supply drinking water to its capital city of Villahermosa after rivers that normally supply the city became contaminated by oil leaking from punctured pipelines. Oil spill contamination of rivers resulting from punctured pipelines has become a recurring problem in this region. Robix believes that the 10 foot COV is an ideal unit to service such rivers, as it is small and nimble and can easily maneuver river systems to contain and recover spilled petroleum. To date, Robix has focused on deploying the COV to clean up oils spills that occur in oceans or petroleum products in tailings ponds. River systems represent a new market application for the COV technology.

For more information on Corris and the COV please visit the newly launched website www.corristechnologiesmexico.mx

About Petrolmeca

Petrolmeca is an engineering services company that offers professional services in project management and in the execution of comprehensive projects, including feasibility studies, operation of industrial plants, development of basic and detailed engineering reports, technical support, construction supervision and creation of electronic 3D and 2D models.

In March 2015, a cooperation agreement was signed with the Instituto Tecnológico Superior de Comalcalco (ITSC) (Higher Technological Institute of Comalcalco) to jointly develop the Basic and Detailed Engineering of relevant projects for Pemex-Refining. Petrolmeca’s central offices are located in Ciudad del Carmen, Campeche and are used by Pemex as a strategic point to provide services required for the daily operation of offshore installations in the Bay of Campeche. Petrolmeca also has offices in Paraiso, Tabasco, Poza Rica, Veracruz and Mexico City.

About Robix Alternative Fuels

The Corporation is an “industrial products/technology” company, which has developed the Clean Ocean Vessel (“COV”), an oil spill recovery vessel design with the capability to recover oil not only in rough and debris laden sea conditions but also in more contained environments such as lakes and rivers. Robix has recognized a worldwide market opportunity for effective containment, recovery and disposal equipment, particularly in the oil spill protection industry. The business model is focused on Robix becoming a large-scale provider of services and/or equipment under licensing arrangements with other industry participants, wherein Robix will use its COV patented design solution.

No stock exchange or any securities regulatory body has reviewed the contents of this news release.

Robix Alternative Fuels Inc.
Nathan Hansen
President & CEO
250-683-8957
[email protected]

Robix Alternative Fuels Inc.
Robin Ray
Chief Financial Officer
403-327-3094
[email protected]
www.robixfuels.com

The Howard Group
howardgroupinc.com
(403) (888) 221-0915
Jeff Walker
Vice-President
[email protected]

Brad Dryer
Associate
[email protected]

Tesla launches Powerwall home battery with aim to revolutionize energy consumption

Posted by AGORACOM-JC at 11:55 AM on Friday, May 1st, 2015

Larger version of battery has been tested in pilot program

The Associated Press Posted: May 01, 2015 12:35 AM ET Last Updated: May 01, 2015 9:54 AM ET

Tesla Motors CEO Elon Musk unveils large utility scale home batteries at the Tesla Design Studio in Hawthorne, Calif. on Thursday night.

Tesla Motors CEO Elon Musk unveils large utility scale home batteries at the Tesla Design Studio in Hawthorne, Calif. on Thursday night. (David McNew/AFP/Getty Images)

Tesla CEO Elon Musk is trying to steer his electric car company’s battery technology into homes and businesses as part of an elaborate plan to reshape the power grid with millions of small power plants made of solar panels on roofs and batteries in garages.

Musk announced Tesla’s expansion into the home battery market amid a party atmosphere at the company’s design studio near Los Angeles International Airport. The festive scene attended by a drink-toting crowd of enthusiasts seemed fitting for a flashy billionaire renowned for pursuing far-out projects. For instance, colonizing Mars is one of Musk’s goals at Space X, a rocket maker that he also runs.

Now, he is setting out on another ambitious mission. “Our goal here is to fundamentally change the way the world uses energy,” Musk told reporters gathered in Hawthorne, Calif.

Although Tesla will make the battery called “Powerwall,” it will be sold by a variety of other companies. The list of partners includes SolarCity, a solar installer founded by Musk’s cousins, Lyndon and Peter Rive. Musk is SolarCity’s chairman and largest shareholder.

I don’t believe this product in its first incarnation will be interesting to the average person.– Peter Rive, CTO of Tesla partner SolarCity

As with Tesla’s electric cars, which start around $70,000 US, the battery might be too expensive for most consumers. When it goes on sale, the system will carry a suggested price of $3,000 to $3,500, depending on the desired capacity. That could discourage widespread adoption, especially for a product that may only have limited use.

“I don’t believe this product in its first incarnation will be interesting to the average person,” conceded Peter Rive, SolarCity’s chief technology officer. Rive, though, still expects there to be enough demand to substantially increase the number of batteries in homes.

Hopes to ship internationally next year

Musk is so encouraged by the initial demand that he believes Tesla and other future entrants in the market will be able to sell two billion battery packs around the world — roughly the same number of vehicles already on roads. Although that may sound like a “super crazy” goal, Musk insisted it “is within the power of humanity to do.”

TESLA-MOTORS/BATTERIES

Tesla Energy batteries for businesses and utility companies are pictured providing energy for the Tesla Motors Powerwall Home Battery on Thursday. (Patrick T. Fallon/Reuters)

It will take a long time to get there. Tesla hopes to begin shipping a limited number of Powerwall batteries this summer in the U.S. before expanding internationally next year.

The long-term goal is to reduce the world’s reliance on energy generate from fossil fuels while creating regional networks of home batteries that could be controlled as if they were a power plant. That would give utilities another way to ensure that they can provide power at times of peak demand.

For now, the battery primarily serves as an expensive backup system during blackouts for customers like David Cunningham, an aerospace engineer from Foster City, California. He installed a Tesla battery late last year to pair with his solar panels as part of a pilot program run by the California Public Utilities Commission to test home battery performance.

Can be recharged with solar panels

Although Cunningham’s home has not endured a blackout in the six months that he has had the battery, it’s capable of running critical home appliances like lights and refrigeration and can be recharged by solar panels during the day.

“As long as a person has solar panels, it’s just a natural fit for the two to go together,” Cunningham, 77, said. “I consider it to be a whole power system right here in my home.”

Tesla Battery Power For Homes

In this April 20, 2015 photo, David Cunningham shows a prototype Tesla battery system that powers his Foster City, Calif. home. Cunningham installed the battery late last year to pair with his solar panels as part of a pilot program run by the California Public Utilities Commission. (Jeff Chiu/The Associated Press)

The battery Cunningham got had a whopping sticker price of $18,300, but he took advantage of state incentives that reduced the battery’s price to $7,500.

“The value proposition now is around reliability and backup power more than it is around savings, but over time that may change,” said Shayle Kahn, an analyst at GTM Research.

The batteries are likely to become more useful if, as expected, more utilities and regulators allow power prices to change throughout the day based on market conditions. That way, the software that controls the solar and battery system will allow customers to use their home-generated power — and not expensive grid power — when grid prices spike.

Many commercial customers already buy power this way, and Tesla also announced battery systems designed for them, along with bigger battery packs that utilities can use to manage their grids. Analysts say these utility and commercial markets will probably be more promising for Tesla during the next few years than residential customers.

Several businesses, including Amazon.com and Target, plan to use Tesla’s battery storage system on a limited basis. Southern California Edison is already using Tesla batteries to store energy.

Tesla is building a giant factory in Nevada that will begin churning out batteries in 2017, so Musk needs to begin drumming up customers now. The spotlight may help Musk push policy makers and utilities to consider reshaping regulations so solar and battery storage could be more easily incorporated into the larger electric system, Kahn said.

Tesla’s ambitions already have intrigued homeowners like Mike Thielen, who installed one of the prototype batteries with SolarCity panels on his Redondo Beach, Calif., home last year. Although he hasn’t needed the backup power yet, he has embraced the concept.

“I think it’s brilliant,” he said. “I would consider upgrading to a more powerful home battery if they could figure out a way to get me totally off the grid.”

Source: http://www.cbc.ca/news/business/tesla-launches-powerwall-home-battery-with-aim-to-revolutionize-energy-consumption-1.3056587