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Don’t Blame Elon

Written by Jason Williams
Posted November 14, 2022

From the title of this article and all the controversy swirling around Tesla “co-founder” Elon Musk, you’re probably not sure what you shouldn’t blame him for.

So let’s start with a few things you can blame him for…

First, there’s the drama all over Twitter as his new “verification system” enrages the people who thought their blue check mark made them better than the rest of us.

You can blame him for that.

Then there’s the 50–75 tons of CO2 per passenger that gets trapped in the atmosphere for two–three years that all those rocket launches in Texas generate.

You can blame him for that too.

And there's the two metric tons per hour of CO2 that his private jet emits every time he decides to head off to Greece or India at a moment’s notice for some rest and relaxation.

You can blame him for all of that.

But one thing you can’t blame him for is all those Tesla Megapack batteries that keep exploding all over the world in renewable energy storage facilities.

That’s not his fault. He’s working with unsafe technology and doing the best he can.

So let’s stop blaming him and Tesla because lithium batteries aren’t safe…

And let’s stop using unsafe, outdated technology to store the energy that will power the future.

Fantasy vs. Reality

You see, there’s a battle going on in the world today. And it’s one of fantasy versus reality.

The fantasy is that lithium batteries will solve all the woes of the world…

They’ll end carbon emissions. They’ll stop the pollution of the environment.

They’ll end inequality. And they’ll feed the starving children.

That fantasy world looks something like this in artist renderings:

fantasy energy storage

Those are hundreds of Tesla Megapack batteries laid out in a neat pattern in a lush, green meadow to store and supply power to a power grid somewhere nearby.

But that’s far from the reality of the situation.

In fact, the reality is that they’re outdated…

Their components are often mined by those starving children…

And they’re incredibly dangerous.

This is what that fantasy world looks like in real life:

tesla megapack fire

Lots of pretty batteries laid out in a neat pattern... with a fire spreading after one of them exploded and burst into flames, as they're prone to do.

And before you go thinking I’m just cherry-picking the one time one of these batteries exploded, I’m not.

That’s an image from a recent fire at the Moss Landing energy storage project in California. And it’s not the first time those batteries at that site have exploded.

Between 2017 and 2019, 23 energy storage fires were linked to flawed lithium batteries.

And it’s not just happening in California. These explosions have occurred at battery storage centers around the globe and are happening with more and more frequency.

Last year one blew up during initial testing at the Victorian Big Battery storage center in Australia.

Wherever they are, they tend to explode from time to time. We’ve seen them explode in South Korea and in an RV park in China.

They’ve caused five-alarm fires in Jamaica, New York, and the destruction of a former paper mill in Morris, Illinois.

I could go on and on, but I think you probably get the point: We use lithium because it was the best bad solution we have….

Or should I say, “had”?

The New King of Renewable Energy

You see, there actually is a much better solution out there.

It can store and release energy as efficiently as the best lithium batteries on the market, with its 80% efficiency level.

It never degrades no matter how many times you charge and discharge it… unlike a lithium battery.

It can store enough energy to power a town or city 24 hours a day, seven days a week.

And it’s not likely to randomly explode because it’s not made of explosive chemicals like lithium-ion.

In fact, it’s got very few chemicals in it at all. It's mainly made of concrete and steel, two things that just won’t burn no matter how hard you try to make them.

This makes these energy storage solutions better than the big lithium batteries we’ve been trying to use in just about every way.

They’re equally efficient (if not more so). They’re exponentially cheaper (lithium still costs nearly $60,000 per ton).

They don’t rely on chemicals controlled by China (which makes up 56% of the battery market and 95% of the refined lithium market).

They aren’t mined using child labor or slave labor.

cobalt mine

And most importantly, they don’t explode and cause entire cities to lock down for days on end.

Worldwide Acceptance

On top of all that, they’re already hooked up to grids around the world.

They’re supplying energy to the Swiss power grid by storing the electricity generated by wind turbines and solar fields in the Alps.

That’s part of the reason the Swiss aren’t facing the soaring energy costs that have the rest of Europe asking whether Vlad Putin is really such a bad guy and Googling “where to buy firewood”:

swiss energy bills lower

They’re also scheduled to be hooked up to the biggest solar field in the world in Saudi Arabia as that kingdom diversifies its energy grid away from oil and gas:

saudi solar

They’re supplying power to the grids in Texas and California, where operators are getting wise to the explosive nature of those lithium batteries:

newton battery mountains

The Australians are getting tired of the lithium battery explosions too, and just signed a deal to get this technology up in their big solar and wind projects across the country as well.

Even the kings of the lithium trade, the Chinese, are champing at the bit to get these new energy storage devices installed near their solar fields and wind energy projects.

Win While Nobody’s Watching

But despite inking new contracts nearly every week to store and supply power to more and more national grids, this company is still off the radar of all but the most connected investors.

And that’s because everyone is still paying attention to small-scale energy storage. And by that I mean car batteries.

Nobody seems to realize that all this new renewable energy we’re creating needs to be stored so we can use it when we need it.

Nobody seems to realize that there’s a HUGE difference between oil and gas, which are themselves stored energy, and renewable power, which must be used or stored the instant it’s generated or is lost forever.

And that’s created an incredible opportunity for investors who know what power the future stores (and what will store the power of the future)…

We can get in on this incredible technology while it’s still relatively unknown and capitalize as it’s adopted by more and more nations and states around the globe and across the country.

And we can ride these shares from less than $5 today to over $50 as this company dominates the growing energy storage industry.

That industry, in case I forgot to mention, is projected to grow 15 times in size by 2030…

And be worth a bare minimum of $500 BILLION after more than doubling in size over just the next eight years.

So if you want a shot at capturing the kind of gains early investors in renewable energy and EVs did as the world spent TRILLIONS to build out those industries…

THIS is that shot.

To your wealth,

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Jason Williams

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After graduating Cum Laude in finance and economics, Jason designed and analyzed complex projects for the U.S. Army. He made the jump to the private sector as an investment banking analyst at Morgan Stanley, where he eventually led his own team responsible for billions of dollars in daily trading. Jason left Wall Street to found his own investment office and now shares the strategies he used and the network he built with you. Jason is the founder of Main Street Ventures, a pre-IPO investment newsletter; the founder of Future Giants, a nano cap investing service; the editor of Alpha Profit Machine, an algorithmic trading service designed specifically for retail investors; and authors The Wealth Advisory income stock newsletter. He is also the managing editor of Wealth Daily. To learn more about Jason, click here.

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