Elon Musk – could he revolutionize the lithium battery industry?

Elon MuskCame across a great article today about Elon Musk and his newest venture. The founder and innovator behind Teslathis visionary entrepreneur continues to expand his vision of what’s possible for American consumers.

Since founding PayPal and Tesla, Musk is also the CEO and Chief Designer of SpaceEx or Space Exploration Technologies, the first private company to launch a rocket into space (the company he founded in 2002 that could save the American space program now that NASA has severed ties with the Russian program). In 2006 he co-founded SolarCity, a successful solar leasing company.

 

Artist's rendering of the new Tesla gigafactory to be completed in 2017

Artist’s rendering of the new Tesla gigafactory to be completed in 2017

But his latest venture has even more far-reaching opportunities, opening the door to huge advancements in clean technology.

Musk has committed to invest $5 billion to develop a battery “gigafactory”, which is scheduled to open in 2017. This factory, which Musk predicts will produce 500,000 electric vehicles by 2020, will have the capacity to double the current global production of lithium-ion batteries, catapulting the U.S. into a commanding industry leadership position (with production levels higher than China, Japan, and South Korea combined).

The man never stops being remarkably creative. Really inspiring. Glad to see that someone in the private sector has taken on some of the huge societal issues we all face and is doing something about them.

For more on this article click here.

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