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Goldman Sachs says Elon Musk is a genius
We know of it as the most greedy and exploitative office on Wall Street, but the only thing that drives a corporation like Goldman Sachs is profit making. If the investment is profitable, they will not miss it.
The company recently released a report saying that solar power is fast approaching the point where electricity from solar power will be at the same price, or cheaper than electricity produced by fossil fuels.
The report also cites Tesla CEO Elon Musk’s vision as a major factor in the growth of renewable energy. Tesla recently announced the launch of a new lithium-ion battery factory, the Gigafactory, which is expected to cut EV battery costs by more than 30%.
We often assume that Wall Street brokers and investors invest only in harmful industries. The truth is that they are only interested in money. And in many cases, they look for corporate loopholes and industry practices that put the environment at risk, but not always. In 2012, Goldman Sachs surprised the world by announcing a $40 billion investment in clean energy.
And just a few months ago, Goldman Sachs said the renewables sector was one of the most attractive markets.
Now they've gone even further. According to their recent report, solar power is not only a good investment, it will make fossil fuels obsolete:
“Our clean energy team believes that the number of households abandoning the central grid will continue to grow as the cost of autonomous solar systems continues to decline.” SolarCity has reduced the cost of its PV panels by 40% since the second quarter of 2013, according to analysts Brian Lee and Thomas Daniels. This is taking its toll on Tesla’s batteries, which have dropped from $500/KWh in 2008 to $250/KWh for the Model S to potentially $125/KWh at the gigafactory.
We can now be away from the expensive power lines and transormators that are putting us in constant dependence on infrastructure. Declining reliability from aging infrastructure distribution, expanding the desire to reduce the carbon footprint, and perhaps most importantly, reducing the cost of solar panels and increasing battery performance will lead us to a new reality one day. "
We are approaching a future in which every house will produce its own energy, creating enough to power not only the house, but also the car, and possibly the entire household. Only registered and authorized users can leave comments.
Source: rodovid.me
The company recently released a report saying that solar power is fast approaching the point where electricity from solar power will be at the same price, or cheaper than electricity produced by fossil fuels.
The report also cites Tesla CEO Elon Musk’s vision as a major factor in the growth of renewable energy. Tesla recently announced the launch of a new lithium-ion battery factory, the Gigafactory, which is expected to cut EV battery costs by more than 30%.
We often assume that Wall Street brokers and investors invest only in harmful industries. The truth is that they are only interested in money. And in many cases, they look for corporate loopholes and industry practices that put the environment at risk, but not always. In 2012, Goldman Sachs surprised the world by announcing a $40 billion investment in clean energy.
And just a few months ago, Goldman Sachs said the renewables sector was one of the most attractive markets.
Now they've gone even further. According to their recent report, solar power is not only a good investment, it will make fossil fuels obsolete:
“Our clean energy team believes that the number of households abandoning the central grid will continue to grow as the cost of autonomous solar systems continues to decline.” SolarCity has reduced the cost of its PV panels by 40% since the second quarter of 2013, according to analysts Brian Lee and Thomas Daniels. This is taking its toll on Tesla’s batteries, which have dropped from $500/KWh in 2008 to $250/KWh for the Model S to potentially $125/KWh at the gigafactory.
We can now be away from the expensive power lines and transormators that are putting us in constant dependence on infrastructure. Declining reliability from aging infrastructure distribution, expanding the desire to reduce the carbon footprint, and perhaps most importantly, reducing the cost of solar panels and increasing battery performance will lead us to a new reality one day. "
We are approaching a future in which every house will produce its own energy, creating enough to power not only the house, but also the car, and possibly the entire household. Only registered and authorized users can leave comments.
Source: rodovid.me
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