Tesla Just Took Its First Step Toward Obliterating The Power Companies [View all]

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http://www.businessinsider.com/tesla-gigafactory-and-renewables-2014-2


Elon Musk just announced details of Tesla's plan to start pumping out lithium ion batteries like M&Ms at its planned "Gigafactory."

Obviously, it's big news for electric vehicles as this should bring down the cost of a very expensive component.

But it has equal and possibly greater significance for renewable energy.

We've explained that power storage is the key to unlocking widespread renewable energy. For renewables to be truly cost competitive with existing power sources, they need to be able to provide a continuous current flow, something difficult to achieve when the wind isn't blowing or sun isn't shining.



Read more: http://www.businessinsider.com/tesla-gigafactory-and-renewables-2014-2#ixzz2uWxDJPfq