Elon Musk's Solar City Is Ramping Up Solar Panel Production 262
MarkWhittington writes: Elon Musk is well known as a private space flight entrepreneur, thanks to his space launch company SpaceX. He is also a purveyor of high end electric cars manufactured by his other company, Tesla Motors. But many people do not know that Musk has a third business, Solar City, which is a manufacturer of solar panels. On Tuesday that company announced a major play to increase the output of solar panels suitable for home solar units. Solar City has acquired a company called Silevo, which is said to have a line of solar panels that have demonstrated high electricity output and low cost. Silevo claims that its panels have achieved a 22 percent efficiency and are well on their way to achieving 24 percent efficiency. It suggests that 10 cents per watt is saved for every point of efficiency gained. Solar City, using the technology it has acquired from Silevo, intends to build a manufacturing plant in upstate New York with a one gigawatt per year capacity. This will only be the beginning as it intends to build future manufacturing plants with orders of magnitude capacity. The goal appears to be for the company to become the biggest manufacturer of solar panels in the world.
um (Score:4, Funny)
Haven't we all watched enough James Bond and Super Man films to know that Elon Musks true goal is to build a Giant Robot and/or Start WW3?
Retiring to Mars.... (Score:5, Funny)
SpaceX to get Musk to Mars.
Tesla to move him around on Mars.
Solar City to power everything on Mars.
Musk is sticking with his plans to retire on Mars and all his companies are helping him get there.