First Titan Corp. could bolster its renewable energy and solar power plans in the wake of Elon Musk’s recent major announcement of a game-changing breakthrough in energy storage.

 

On April 30, 2015, Musk told the world his company, Tesla Motors, will be offering a revolutionary battery called the Powerwall that will enable homeowners to store energy from solar panels for use during peak energy needs or to provide backup power during blackouts. A larger Powerwall version could also do the same thing for companies or buildings.

 

After the announcement, FTTN CEO Sydney Jim said Tesla’s extraordinary energy storage breakthrough proved FTTN’s forward-looking strategy of pursuing renewable energy and solar power was the correct course of action.

 

“The solar power market is going to explode thanks to this achievement,” Mr. Jim said. “People who hadn’t considered going solar or using renewables due to energy storage concerns are going to be rethinking their stances. Solar and renewables are the next sweet spots for energy companies like ours. Our pursuit of these opportunities is not only going to continue but ramp up considerably.”

 

Recent statistics show that 2014 was the biggest year yet for solar panel installations in the U.S. Major American companies are spending millions to convert to solar energy.

 

“Environmentally-conscious consumers and businesses wanting clean, fossil-free energy are going to be coming to us to meet their needs,” Mr. Jim said. “The future has never looked brighter for solar and renewable energy.”

 

 

 

First Titan Corp.

http://www.firsttitanenergy.com