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Tesla gigafactory: Elon Musk’s vision may be game-changer for utilities

December 14, 2014 /

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Here’s why something as basic as a battery both thrills and terrifies the U.S. utility industry.

At a sagebrush-strewn industrial park outside of Reno, Nevada, bulldozers are clearing dirt for Tesla Motors’ battery factory, projected to be the world’s largest.

Tesla’s founder, Elon Musk, sees the $5 billion facility as a key step toward making electric cars more affordable, while ending reliance on oil and reducing greenhouse gas emissions. At first blush, the push toward more electric cars looks to be positive for utilities struggling with stagnant sales from energy conservation and slow economic growth.

By Mark Chediak

Full Story: http://www.mercurynews.com/business/ci_27124685/tesla-gigafactory-elon-musks-vision-may-be-game

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