Published: Sun, March 12, 2017
Finance | By Laverne Griffith

Elon Musk and SA Premier Jay Weatherill discuss power fix proposal

Elon Musk and SA Premier Jay Weatherill discuss power fix proposal

He promised he will put the end to power shortage woes of the state of South Australia by building a 100MW battery storage farm, if given the chance by the authorities in just 100 days.

In the Australian Financial Review article, Rive had said that the quick turnaround would be possible because Tesla's Nevada Gigafactory is ramping up production.

Musk also disclosed the price of $250 per kilowatt-hour for 100-megawatt hour systems.

"At this time, we ascribe zero value to Tesla shares from this business", Morgan Stanley analyst Adam Jonas told investors.

Cannon-Brookes received a reply less than a day later. He said he can build a 100 megawatt (MW) battery storage system in 100 days, or he'll give it to the region for free.

The Tesla CEO took to Twitter on today (March 10) to offer the Australian state a solution to its worsening blackouts.

The facility at Southern California Edison's Mira Loma substation has almost 400 Tesla PowerPack lithium-ion battery units on a 1.5-acre, and it can store enough energy to power 2,500 homes for a day or 15,000 homes for four hours. Adding "That serious enough for you?"

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Cannon-Brookes subsequently tweeted that he's working to source the money and political consent to get the system working. On Thursday, Rive said Tesla could offer a similar battery deal to the state of Victoria, where a 1600MW coal plant is set to close.

In a series of further tweets Mr Cannon-Brookes urged Australia to solve the energy crisis "with software and innovation".

"If Tesla think they can do that, what's stopping them?"

Mr Weatherill said in a statement on Saturday the conversation about the battery proposal was "positive". Tesla finished that California battery storage farm in 90 days.

Prime Minister Malcolm Turnbull has declared a national energy emergency, and the Australian Energy Market Operator warns that either gas users or electricity generators will go short in future unless something is done urgently.

He said transitioning the energy network from its current state to where it needed to be would have a lot of challenges, and it was important not to write anything off.

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