Elon Musk and his company Tesla have been making major moves recently in expanding his business while looking to help the environment and economy. Personally I care deeply about this topic as I hope to minor in Energy and am currently apart of the Michigan State Greenpeace club.
On January 31st, Tesla opened a lithium Ion Battery power plant in California that will power 15,000 homes while kicking fossil fuels out of use. This is a huge step, but is soon to be put under the shadow of their next project. Teaming up with Panasonic, they will be producing a massive battery factory in Nevada that will rive down the price of electric cars to lose to $35,000 for the Tesla Model 3. This Gigafactory will give them the chance to be the largest energy company in the world. It was stated by Elon Musk himself, that if only 100 of these Gigafactories are used, energy can be provided to the entire world. This was mind blowing to me, but put it in proportion on how large this Gigafactory will effect the energy industry. His goal is clearly larger than the profits gained from these factories as he is visibly an activist in the environmental protection area. Once this is put to work, many changes are to come for the energy industry.
The benefits and job production levels are too good to look past and the risky investments of fossil fuels are starting to become more apparent. The power in energy companies will start to transition to renewable energy. There is already a second plant planned to be built in Eruope and by Elon Musk statements, his company itself will be taking care of 2% of the worlds energy in a renewable way. This is a look into the future and the power of engineering.
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