Talk about being in the right place at the right time, a billion dollar plant purchased for $42 million... I found this story extremely interesting, and I think Elon Musk has it right about how to spur changes in energy focus:
The impact of switching to electrics would be transformative, Musk believed. With the combustion engine, we’ve been largely stuck with oil to produce fuel for transportation. Electricity, on the other hand, can be produced in many ways—by a coal-powered plant, a nuclear reactor, a hydroelectric generator, a wind farm, or a solar array. In a world dominated by electric cars, all these power-producing technologies would be spurred to compete, encouraging innovation. What’s more, an electric engine is inherently more efficient than a combustion engine: One gallon of gasoline could be used to generate enough electricity to power an electric vehicle for hundreds of miles.
It is a good story, enjoy.