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Tesla says batteries and solar will usher in cheap electricity soon

Tesla CTO says that batteries and solar power will provide cheap electricity within a decade.

@anthony256
Published Wed, Jul 15 2015 11:31 PM CDT   |   Updated Mon, Oct 19 2020 1:40 PM CDT

Tesla has come along way from being an electric vehicle manufacturer, as it is now stepping out into the limelight of battery technology, and so much more. It wasn't too long ago that Tesla unveiled Powerwall, its Internet-connected home battery.

Tesla says batteries and solar will usher in cheap electricity soon 02 | TweakTown.com
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Now we have Tesla Motors' Chief Technology Officer, JB Straubel, taking to the stage of Intersolar's opening ceremony talk about energy density and other benefits of lithium-ion batteries for electronic cars. The Tesla CEO also said that the company is confident in renewable energy to make solar and wind available on-demand after sunset, or when the wind starts to slow down.

Straubel said that battery costs will tumble much quicker than expected, and that demand for energy storage equipment will expand rather quickly, with the same going for solar panels. This one-two punch will create a great path for cheaper electricity, especially when compared to what the world currently pays from fossil fuel-based power plants. Straubel added that "we are within grasping distance of that goal". He added: "I'm quite certain that it will happen in the next 10 years".

NEWS SOURCE:forbes.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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