Rivals Rise Up to Threaten Tesla’s Battery Business

Batteries to run cars. Batteries to store solar power. Batteries … to prevent blackouts.

Lithium battery storage warehouse

Everywhere you look in the field of battery technology, Tesla seems to be there already. The company’s even building a battery gigafactory in the Nevada desert to keep its battery empire well-supplied, and one of the reasons for this is that Tesla is rapidly outgrowing its origins as a car company, and finding new ways to make money by building huge, utility-scale energy storage complexes to help electricity companies shore up the stability of their electric grids.

It’s a lucrative business — and Lockheed Martin wants in.

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