A key piece of the jigsaw came in another statement last month: Tesla Motors are now committing to a huge increase in battery production, bringing down the cost of energy storage capacity by over 50%. The power grid is like a giant battery and up to £500 per year of our energy bills is paying for the maintenance of that battery. Morgan Stanley calculates that Tesla’s batteries will only cost an off-grid household £350 per year, rendering the Utility company business model obsolete. “Our analysis suggests utility customers may be positioned to eliminate their use of the power grid,” says the Morgan Stanley report, Clean Tech, Utilities and Autos. “We expect Tesla’s batteries to be cost competitive with the grid in many states, and think investors generally do not appreciate the potential size of the market.”
The Green Lake or Grüner See is a lake in Austria that dries out almost completely during fall, is used as a county park in the winter and is famous for the underwater park which forms during the spring due to the snow meltdown.