Elon Musk and Tesla Are About To Save The Marijuana Industry Millions

Photo courtesy of: Indefinitely Wild

Elon Musk has proven to the world that he’s an incredibly intelligent human being. He’s one of the world’s richest men and for the past few years, anything this man talks about or creates has a bit of the Midas touch attached to it. So it’s not surprising that Musk would see the burgeoning marijuana industry as an opportunity to come up with his next invention and if it works, it could save the industry millions of dollars. Musk’s Tesla company has created a battery that will help save a medium-sized commercial weed grow with around 50 lights about $13,500 in electricity costs a year. Not only that–the batteries will also protect the plants if there are power outages and to top it off, it will make grow operations a lot less visible to law enforcement.

According to an article in Indefinitely Wild, the Tesla Battery will give both “home owners and businesses an easy, slick, affordable way to store electricity at home.” The battery costs $3,500 and can be “stacked” in sets of up to nine units. Larger capacity batteries will be available to large businesses and governments.

There are three general use cases for the battery: storing electricity purchased during cheaper, off-peak hours for use during high-demand periods; storing electricity generated by solar power or other renewable sources for use around the clock; and as a backup power source for when the grid goes down.

So why is this important for marijuana growers? It turns out that growers use up a lot of electricity, so the Tesla Battery will create a direct benefit to operations around the world. When it comes to marijuana growers using the battery, they won’t see as much of a financial benefit, but they will feel the security of knowing their plants will be safe in case of a major power outage, which will in turn save growers thousands of dollars in costs for replanting.

According to the article, “With two 10kWh Tesla Batteries giving this commercial grow the ability to shift some of its load to off-peak hours, savings in demand charges alone would total $8,000 a year, while use charges would lower by $5,500, for a total savings of $13,500. Of course, even just at 50 lights, we’re talking about a multi-million dollar operation, making this sound like relative chump change. Worthwhile — the batteries would be paid for in just over 6 months of savings — but hardly revolutionary.”

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