27 Feb '14, 4pm

Musk’s Planned $5 Billion Tesla Battery Gigafactory May Unleash Bidding War

“This would rank as the most attractive industrial project out there,” said Dennis Cuneo, president of DC Strategic Advisors LLC and a former Toyota Motor Corp. executive who helped that carmaker select manufacturing sites. Tesla has dubbed the project the “gigafactory,” and it would make Musk a force in both U.S. manufacturing and electric power. The plant he envisions would have more capacity than any other to make lithium-ion batteries. The facility may also help Tesla and SolarCity Corp., a power company partly owned by Musk, achieve his goal of becoming a big player in the power-storage industry. “This has a huge impact beyond Tesla,” said Harley Shaiken, a labor economist at the University of California, Berkeley. “It gives enormous legitimacy to battery production and the future of the electric car because that lies in the battery. It’s high stakes, high technology....

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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