Musk Battery Works Fill Utilities With Fear and Promise
Bloomberg explains why something as basic as a battery both thrills and terrifies the U.S. utility industry. While Elon Musk sees his $5 billion battery factory as a key step toward making electric cars more affordable, while ending reliance on oil and reducing greenhouse gas emissions – some fear that it may soon become an existential threat to the 100-year-old utility business model. According to some, ever cheaper on-site renewables pose a mortal threat…
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