With its announcement of financing for their Giga Factory along with announcements of partnerships with Panasonic and Apple, it looks like Elon Musk is going to make good on his promise to drive down the cost of batteries used in everything from laptop computers to electric vehicles.
The project outline shows a factory, supplied by renewables (what percentage? Made by what companies?) that will produce as much Lithium Ion battery capacity as currently is produced worldwide. They project a 30% cost reduction when the plant comes online in 2017. However they hint that full production won’t be reached until 2020 and that at that point further economies will be realized bringing down costs considerably more.
Also of note, and heartening, is that the US will become a dominant, possibly the dominant, producer of Lithium Ion batteries in the world. Apparent agreements with Panasonic and Apple computer suggest that they plan to become the leader in battery technology. This supports my thesis that Tesla plans to blow open the utility storage market, with DemandLogic being only the first foray.
Lots of updated Giga links in this article.
And in Other Tesla News the Tesla Model S is once again named Consumer Reports car of the year. Not electric car of the year, simply car of the year.
A good article on Tesla can be found here.
Laying waste to the myth of tesla fires.
Tesla, Elon Musk, Giga Factory, gigafactory, consumer reports, Tesla model S, model S, demandlogic