Entrepreneur Elon Musk has won a US$50 million bet by beating a 100-day deadline for building a giant battery to help South Australia avoid energy blackouts, officials said.
State Premier Jay Weatherill said testing of the massive lithium ion battery would begin within days, ahead of the December 1 deadline Musk set for himself when he signed off on the project earlier this year.
Musk had pledged to build the battery in the South Australian outback for free if it was not completed within the 100 days. He estimated that would cost at least US$50 million — local authorities will now pick up the tab.
The entrepreneur behind electric carmaker Tesla made the pledge in response to power woes in South Australia, which was last year hit by a state-wide blackout after severe winds from an “unprecedented” storm tore transmission towers from the ground.
Meanwhile South Australia is blowing up its old coal plants. How will they feel when they find out the carbon dioxide theory of global warming is based on a technical error, and is much exaggerated?