Sometime this week, Tesla CEO Elon Musk will announce everything there is to know about the EV automaker’s Gigafactory, from location and price tag, to its heavy reliance on renewable energy sources.
Autoblog Green reports the Gigafactory will be “heavily powered” by solar and wind energy sources, with older battery packs storing the collected energy. Meanwhile, the factory will mass-produce finished battery packs from raw lithium sources, with the aim of generating 30 gigawatt-hours annually. By taking advantage of economies of scale, costs should be reduced by 30 to 40 percent in the same timeframe needed to bring the $35,000 Model E from the drawing board to the showroom floor.
As for where the $2 billion-plus factory will be built, one rumored location is Nevada. Aside from the obvious solar power available for Musk’s green aspirations, the state also houses the sole commercial brine pool lithium production facility in the United States at this time, though more could be brought in from Wyoming’s recently discovered underground lithium brine in the state’s Rock Springs Uplift formation if needed.
Finally, funding for the Gigafactory could come from a number of sources, including new stock and alliances with other companies interested in what the factory — and the future — has to offer.