We've heard plenty of good news from Intel lately, they're certainly preparing to compete in a world where energy is more scarce than it is today. But news from the Wall Street Journal indicates that they might be heading in a whole new green direction.
Former CEO, Andy Grove, has been advising the company to diversify and get into the production of advanced batteries for electric vehicles. I have to say, I think it's a pretty good idea.
So far, many of the companies working on lithium ion batteries that could power cars are small and untested. As much as I admire these small companies, I would hate to see them fail with sound technology but poor management. That is less likely with larger companies such as Intel.
Manufacturing capacity for these batteries has been a huge problem for the Chevrolet Volt, which has basically had to help battery manufacturers build up from scratch. And, of course, this means GM is paying a premium for the batteries.
If Intel entered this market with a significant capital investment, it wouldn't just make them money, it would knock the cost of electric vehicles down significantly. So I'm going to have to agree with Andy Grove on this one. Bite the bullet Intel. Diverisfy, grow, and make the world a better place.
written by Nir Alperovich, December 12, 2008
written by Global Patriot, December 16, 2008
|< Prev||Next >|