Tesla Motors has plans to produce a battery pack designed to store renewable energy in the home. Tesla CEO Elon Musk revealed the Tesla Powerwall unit during an event on Thursday.

The unit will go into small-scale production for three to four months at the company's plant in Freemont, California.  The company has plans to move the production to the company's factory in Nevada, which is currently under-construction. Customers can place orders for the Powerwall online now.

According to Tesla, the Powerwall comes in 10 kWh weekly cycle ($3,500) and 7 kWh daily cycle models ($3,000). Both are guaranteed for ten years and are sufficient to power most homes during peak evening hours. Multiple batteries can be installed together for homes with greater energy needs.

The unit can be used indoors and outdoors and has a 10-year warranty. There is no word on a release date of the battery pack, check back to www.MotorWeek.org for updates.