Elon Musk has promised to solve an energy crisis in Australia within 100 days, or provide the technology for free.
The Tesla (TSLA) founder was responding to a challenge from billionaire entrepreneur Mike Cannon-Brookes, who wanted to know whether the company was serious in claiming that it could end blackouts in South Australia quickly.
“Tesla will get the system installed and working 100 days from contract signature or it is free. That serious enough for you?,” Musk wrote on Twitter.
South Australia’s population of 1.7 million people suffer regular power cuts and energy shortages. In September, much of the state was left without power after a storm damaged crucial transmission lines. Another major blackout happened last month, after an unexpected spike in demand due to a heat wave.
The Australian government has made solving the problem a priority, and increasing grid storage could help.
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SOURCE: CNN Money, Ivana Kottasova