Elon Musk Works on Solar, Battery Endeavors
The energy world is not keeping up with Elon Musk, so he’s trying to take matters into his own hands. Musk, chairman of the solar installer SolarCity, has announced that the company would acquire a solar panel maker and build factories “an order of magnitude” bigger than the plants that currently churn out panels. “If we don’t do this we felt there was a risk of not being able to have the solar panels we need to expand the business in the long term,” Musk said in a conference call.
Musk is also a founder and the CEO of the electric vehicle maker Tesla Motors, which is planning what it calls a “gigafactory” to supply batteries for its cars.In both cases, Musk’s goal is to make sure that the components critical to his vision of the future — electric cars and solar energy — are available and cheap enough to beat fossil fuels.
Read more: http://www.laboratoryequipment.com/news/2014/06/elon-musk-works-solar-battery-endeavors