Musk Offers Mate Rates For SA E-Storage System

Australian billionaire Michael Cannon-Brookes, the co-founder of Atlassian, made a decision to contact Musk and Rive to enquire how serious the offer was. Elon Musk has said that Tesla can provide enough battery storage to solve the peak power problems, and the batteries can be deployed within 100 days. He also shared his plans to offer South Australia the energy system at a cost of $250 per kWh and that would make the whole system value roughly $250 million.

Sarah Hanson-Young, an Australian senator, said on Twitter on Friday that she wanted to talk to Musk about his offer.

Some politicians have blamed the blackouts on South Australia's relatively high level of reliance on wind power, prompting energy industry experts to counter that a number of factors contributed to the power shortfall, including record demand for electricity caused by Australia's recent heat wave.

Clean Energy Finance Corp chief executive Oliver Yates said they have been talking to multiple large-scale battery providers regarding possible storage solutions, including in South Australia.

Brookes couldn't but help to pick up this deal and asked for 7 days to sort out matters with the government and asked Musk to direct message him the rates for the proposed project to which Musk complied on an open platform.

Now, Elon Musk came into the picture when the aforementioned statements were picked up by Atlassian CEO Mike Cannon-Brookes. South Australia has been suffering from statewide blackouts since September.

"South Australia has over 1700 MW of wind installed and 700 MW of solar", South Australia's Energy Minister Tom Koutsantonis told ABC News.

Mr Cannon-Brookes confirmed he was dead serious about his offer to Mr Musk, and said his team had spent Thursday afternoon investigating the proposal. Not, however, if Tesla CEO Elon Musk has anything to say about it. "Already reached out looking forward to our discussion", Mr Weatherill said on Twitter. Energy storage is a small but budding business for Tesla, which makes the bulk of its revenue from selling electric cars.

  • Todd Kelly