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Elon Musk’s SolarCity announced today, that the company has acquired Silevo, a solar panel manufacturing and design firm that produces low-cost, high-output photovotaic cells. According to a blog post on the SolarCity website, the deal will help SolarCity “achieve a breakthrough” in solar power pricing thanks to “massive economies of scale.” Already, the company is talking to the state of New York regarding the construction of an initial manufacturing facility. It provides power for residential, business and government customers, builds electric vehicle charging stations and also leases solar installations to customers to offset installation costs.

“SolarCity Acquires Silevo To Become A Large-Scale Solar Panel Producer” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

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