Why Elon Musk's Batteries Frighten Electric Companies

Posted by Soulskill on Friday December 5, 2014 @04:43AM from the time-for-some-infrastructure-reliability-investments dept.

JoeyRox writes: The publicized goal of Tesla's "gigafactory" is to make electric cars more affordable. However, that benefit may soon be eclipsed by the gigafactory's impact on roof-top solar power storage costs, putting the business model of utilities in peril. "The mortal threat that ever cheaper on-site renewables pose" comes from systems that include storage, said physicist Amory Lovins. "That is an unregulated product you can buy at Home Depot that leaves the old business model with no place to hide."

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Re:Are they really that scared? by Mr+D+from+63 · 2014-12-05 05:19 · Score: 0, Troll

I am sure the electric company is confident that you will not do that, or that most will not. If they were, they wouldn't charge for the connection fee.

WHY would electric companies FEAR batteries that enable a mass fleet of electric cars to be deployed? Its a huge market opportunity for them.

This electric company 'fear" story is just spinning to those greens' emotions. Don't you love the smell of fear in those awful, evil power utilities?