Originally Posted by
Snoopy
The above article is all about Elon Musk bulking up potential demand from his new mega battery factory, all in the aim of reducing battery pack cost for his (and others) electric cars. I don't believe utilising lithium iron batteries as a pre-charged power source for homes is a threat to power company earnings. The existing power companies might equally gain by adopting this technology themselves. You could equally well argue that with the increase of the electric car population that cheaper battery packs will allow, could mean the traditional generators will be able to sell more power to consumers at what are normally low power demand times. I know that both Joan Withers (Chair) and Fraser Whineray (CEO) of Mighty River Power are already sold on just such a concept.
SNOOPY