Finance

Elon Musk Has a Big Offer for Australia

Elon Musk Has a Big Offer for Australia”

Mr Musk, who runs electric auto giant Tesla, which recently merged with his solar energy outfit SolarCity, was responding to Atlassian boss Mike Cannon-Brookes who tweeted "Holy s#%t" in reference to the plans. Musk wrote on Twitter. "Are 10 x 100MWh installs (grid distributed) possible or insane?"

His comments, via Twitter, were prompted by a challenge from fellow tech-billionaire, Australian Mike Cannon-Brookes.

Thanks to stepped-up production out of Tesla's new Gigafactory in Nevada, Musk said it could be achieved within 100 days and that if this deadline was not achieved the company would provide the equipment for free.

Rive said the required energy could be ready if the area did need it.

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Labor says there is still a way to go before Tesla boss Elon Musk's "exciting" proposal to fix South Australia's energy crisis can become reality.

Sarah Hanson-Young, a senator for South Australia for the Greens party, then reached out to Musk asking to talk. Adding he was "very impressed".

"The reaction has been overwhelming". His phone "hasn't stopped buzzing", Cannon-Brookes told Reuters. "Can we contribute dollars?"

"Legend", Cannon-Brookes tweeted back.

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During a phone call on Saturday, Musk and the premier discussed Tesla's plan to build a 100-300 megawatt/hour battery storage facility in South Australia at a cost of more than $33 million. Give me 7 days to try sort politics & funding. "DM me a quote for approx 100MW cost - mates rates!"

Cannon-Brookes said his phone has not stopped ringing since the conversation on social media. That may not matter to Musk, who once again comes off looking like the great savior of the moribund energy infrastructure industry. We could install everything and get it up and running within 100 days. "That serious enough for you?" "Let's solve it with software and innovation".

The Atlassian co-CEO spoke at The Australian Financial Review Business Summit on Thursday.

"To make batteries work, the government will have to change the energy market rules so the market can't keep being gamed by the big old power companies who've been screwing SA for too long", she said.

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