SunPower Corporation (SPWR)

[Tom Joad]

Solar energy will get a boost from affordable batteries. That's why I'm posting an article from the New York Times. You can view that free of charge but the similar article on the Wall Street Journal requires a subscription. From the article-

The Bloomberg forecast is far more aggressive, projecting that plug-in hybrids and all-electric vehicles will make up 54 percent of new light-duty sales globally by 2040, outselling their combustion engine counterparts.

The reason? Batteries. Since 2010, the average cost of lithium-ion battery packs has plunged by two-thirds, to around $300 per kilowatt-hour. The Bloomberg report sees that falling to $73 by 2030, without any significant technological breakthroughs, as companies like Tesla increase battery production in massive factories, optimize the design of battery packs and improve chemistries.

Batteries enable introduction of electric cars