Germany: new "anti Tesla" battery plant to be open
Project will break ground at the end of 2019
03 August, 13:17Lithium-ion batteries can help stabilize intermittent flows of wind and solar power on electricity networks. They're also projected to power millions of cars. Terra E will focus its batteries on stationary units. The bet rests on projected faster demand for lithium storage in the next decade. Global battery-making capacity is set to more than double by 2021. Asia electronics makers including LG and Samsung currently control the market. Tesla will become the world's No. 2 battery maker once it finishes building its $5 billion, 35 gigawatt-hour Gigafactory in Nevada.