Am I in a minority in thinking that current battery storage technology is a bit of a red herring?
It’s the whole current electric car market in general at the moment – the batteries degrade over a relatively short time, and it’s a lot of waste for a few years of use.
I think obviously the petrol dependent present has to give way to a more eco-friendly future, but I don’t think the current thirst for battery-powered electric cars is the way to go.
It’s at best a stop-gap while other technologies or new battery technologies are developed, but I don’t like the way the current crop of electric vehicles (Tesla in particular, christ, do they have major flaws) is being seen as the panacea to all our woes…
It collapsed because it was vapourware from the start. The people put in charge of the project were coked up Lanyard Class techbro spivs who knew nothing about renewables or battery technology, but did know an awful lot about how to raise ‘investment capital’ from other coked up Lanyard Class techbro spivs.
When the gigafactory was a year behind schedule and still just a portakabin in a scrubby field, the executives having already blown through all the public funds and grants they received, went on another whip round for investors and spent that new pot on… moving the executive headquarters to a luxury country estate spa hotel.
They didn’t even broker a deal with the hotel. They literally rented whatever rooms they needed on a day-by-day basis, including the entire spa for weeks at a time.
Total fucking frauds and chumps, the lot of them, but they have managed to make off with a lot of public money for negative work (yes, negative, because they actually managed to take a prototype battery they’d literally stolen from another company and somehow make it worse).
Still, the only way to fall is up, huh?
As with any emerging market, you will get plenty of failures and it will take a while for one company to actually stand out and secure itself in the market. Battery technology might be the future, however we need to tread carefully before claiming Company X is the real deal, we have seen this with cryptocurrencies and we should have learnt from mistakes there.
Biggest con in years.
They had no suppliers, no customers and no clue.
Just a start-up creating alot of nothing in hopes of funding, grants and finally a buyout.
5 comments
Am I in a minority in thinking that current battery storage technology is a bit of a red herring?
It’s the whole current electric car market in general at the moment – the batteries degrade over a relatively short time, and it’s a lot of waste for a few years of use.
I think obviously the petrol dependent present has to give way to a more eco-friendly future, but I don’t think the current thirst for battery-powered electric cars is the way to go.
It’s at best a stop-gap while other technologies or new battery technologies are developed, but I don’t like the way the current crop of electric vehicles (Tesla in particular, christ, do they have major flaws) is being seen as the panacea to all our woes…
It collapsed because it was vapourware from the start. The people put in charge of the project were coked up Lanyard Class techbro spivs who knew nothing about renewables or battery technology, but did know an awful lot about how to raise ‘investment capital’ from other coked up Lanyard Class techbro spivs.
When the gigafactory was a year behind schedule and still just a portakabin in a scrubby field, the executives having already blown through all the public funds and grants they received, went on another whip round for investors and spent that new pot on… moving the executive headquarters to a luxury country estate spa hotel.
They didn’t even broker a deal with the hotel. They literally rented whatever rooms they needed on a day-by-day basis, including the entire spa for weeks at a time.
Total fucking frauds and chumps, the lot of them, but they have managed to make off with a lot of public money for negative work (yes, negative, because they actually managed to take a prototype battery they’d literally stolen from another company and somehow make it worse).
Still, the only way to fall is up, huh?
As with any emerging market, you will get plenty of failures and it will take a while for one company to actually stand out and secure itself in the market. Battery technology might be the future, however we need to tread carefully before claiming Company X is the real deal, we have seen this with cryptocurrencies and we should have learnt from mistakes there.
Biggest con in years.
They had no suppliers, no customers and no clue.
Just a start-up creating alot of nothing in hopes of funding, grants and finally a buyout.
It’s cos of brexit by any chance?