Musk Battery Works Fill Utilities With Fear and Promise

Musk Battery Works Fill Utilities With Fear and Promise
December 9, 2014 Bloomberg.com
Musk Battery

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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