Investment and interest in all forms of energy technology and research is increasing at a breathtaking rate these days. Energy companies and products of all sorts are attracting a vast amount of capital which is good news for those interested in alternative power sources such as low energy nuclear reaction (LENR or cold fusion).
Some recent energy investments that have attracted a lot of attention include:
- Tesla Motors (TSLA)’s plans to spend $5 billion to build a gigafactory a plant capable of manufacturing enough batteries to provide a gigawatt (one billion watts) worth of energy for electric cars. News reports indicate that five US states providing up to $500 million in tax credits to attract the factory which could provide up to 6,500 jobs. The gigafactory plans prove that Tesla is actually an energy company not a car company’s. The real motive of Tesla boss Elon Musk is to promote electricity as an energy source not to build cars. Tesla hasn’t turned a profit yet but it’s stock was trading at $248.13 a share on August 8, 2014.