The biggest energy companies and what you need to know about their plans
The biggest companies in the energy space are investing billions of dollars in wind and solar energy.
They are also investing in batteries to store excess energy in the future, and are making their batteries more efficient.
Here are the big energy companies investing billions in wind or solar power.
Elon Musk The billionaire founder of Tesla Motors is investing $1 billion in wind energy, according to a Bloomberg report.
In the United States, Musk has become a vocal critic of the Obama administration’s Clean Power Plan, which is aimed at reducing carbon emissions from power plants.
“The president has been an extremely aggressive proponent of wind and [solar energy], and I believe that he’s been quite successful in getting a number of these companies to make a deal,” Musk said on CNBC earlier this month.
Tesla’s investment will likely lead to more investments by other companies, as the company aims to develop the batteries in a “largely commercial manner.”