Business

Elon Musk takes on carbon with solar, battery bets

By Jonathan Fahey
Published June 17, 2014 8:47pm ET
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Elon Musk takes on carbon with solar, battery bets
FILE - In this June 18, 2010, file photo, U.S. Senator Michael Bennet, D-Colo., center, helps as SolarCity employees Jarret Esposito, left, and Jake Torwatzky, install a solar panel on a home in south Denver. SolarCity, one of the nation's largest installers of rooftop solar systems, on Tuesday, June 17, 2014 announced it is buying Silveo, a solar panel manufacturer. (AP Photo/Ed Andrieski, File) | Ed Andrieski

NEW YORK (AP) — The energy world is not keeping up with Elon Musk, so he’s trying to take matters into his own hands.

Musk, chairman of the solar installer SolarCity, announced Tuesday that the company would acquire a solar panel maker and build factories “an order of magnitude” bigger than the plants that currently churn out panels.

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