Tesla Gigafactory: nothing but good news for energy storage

As Reno wins the jackpot to be the location of the Tesla Gigafactory, we look at what it means for Tesla, Nevada and the energy storage industry.

As Reno wins the jackpot to be the Tesla Gigafactory location, we look at what it means for Tesla, Nevada and the energy storage industry. Photo credit: Michael Ocampo

The waiting is finally over. And surprise, surprise, Nevada, the state that never missed an opportunity to bend over backwards for big business (an attitude Bugsy Siegel may have appreciated), has scooped Tesla’s Gigafactory for a mere USD$1.25bn in subsidies over the next two decades.

Okay, let’s park the cynicism over the vast sums corporations squeeze out of the tax-payer and look at the positives of what will be a real game-changer in energy storage, not just for electric vehicles and their drivers, as well as providing a bit of background.
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