Although many observers consider Elon Musk—the visionary entrepreneur who leads Tesla Motors and SpaceX—to be a disruptive force threatening the conventional power industry, he believes power companies have a bright future, if his goal to expand the use of electric cars and install vast numbers of rooftop solar systems is achieved.
Speaking during a presentation to roll out Tesla’s Powerwall 2 battery-storage system and a new rooftop solar tile product line, Musk said, “Sometimes the solar roof is positioned as sort of a competitor to utilities, but we’re actually going to need utility power to increase and we’re going to need local power generation. Because if you transition all energy to electric, that roughly triples the amount of electricity that is needed.”
