The Buffalo News reports:
SolarCity's expanded solar panel manufacturing plant in Buffalo will be one of the biggest in the world and it could be just the beginning.
With its $200 million acquisition of Silevo, a keystone in the state's RiverBend clean-energy hub, SolarCity, backed by billionaire Elon Musk, immediately supercharged the state's efforts to turn the Buffalo Niagara region into a hot spot for clean-energy businesses.
This is fantastic news for a city who's had a hard time since the the beginning of the 1960's offshoring of manufacturing jobs.
Has your city had any good news lately?
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SolarCity, Elon Musk and The Re-Birth of Buffalo?
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(Score: 2) by c0lo on Friday June 20 2014, @10:43AM
I'm living in the burbs, you insensitive clod!
Besides...
You mean Buffalo has had the idea of... Elon Musk being a billionaire who backs SolarCity? What a wonderful idea!
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by c0lo on Friday June 20 2014, @10:51AM
My apologies for the rant in the second part of the message); I misread the text as "city having an idea" instead "city having good news"; and I have no idea why (thus no excuse).
The first part still remain valid: I'm still living in the burbs, you insensitive clod, nothing new happens around
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 3, Interesting) by isostatic on Friday June 20 2014, @11:49AM
There's an interesting number of commas to parse.
SolarCity's expanded solar panel manufacturing plant in Buffalo will be one of the biggest in the world and it could be just the beginning.
With its $200 million acquisition of Silevo, a keystone in the state's RiverBend clean-energy hub, SolarCity, backed by billionaire Elon Musk, immediately supercharged the state's efforts to turn the Buffalo Niagara region into a hot spot for clean-energy businesses.
From this I think I extracted the following:
SolarCity = company
Buffalo = city
SolarCity's has recently expanded it's existing factory to be one of the biggest in the world
SolarCity has bought another company called Silevo (I would guess from the "RiverBend" this is a hydro-plant or something on the Niagara falls)
SolarCity's acquisition was backed by Elon Musk (through loans or something I guess)
I'm not entirely sure what's happened that's good news since the expansion of the factory. A company in Buffalo buys another company in buffalo. This tends to mean immediate job losses, large payoffs to top managers, then hopefully job increases at a later date.
(Score: 2) by Blackmoore on Friday June 20 2014, @01:45PM
I forget people dont read the articles :P
Elon has backed SolarCity; and they've picked up Silevo (which is not a Buffalo based company) They are talking about adding up to 1000 new jobs in Buffalo,ny for manufacturing and sales of Solar panels. In addition to that the company went from small fish to publicly listed (oy) with a $6M value; and they are planning on opening other plants in the US.
The technology they hold is a very efficient Solar electric; that uses Copper in place of Silver, but a slightly higher manufacturing cost. They are looking increase production to lower costs through economy of scale.
If all goes well it will be a good boost to a city that has been clawing it's way through the last several decades.
(Score: 0) by Anonymous Coward on Friday June 20 2014, @11:17AM
Wait so this isn't about Elon Musk trying to impregnate a bison cow with his potent human spunk? Lame.
(Score: 2) by DrMag on Friday June 20 2014, @12:30PM
My initial reaction wasn't to think of the city.. but I guess Buffalo, NY could use some building up as well.