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POWER UTILITY | Staff Reporter, Australia
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Tesla promises to fix South Australia's energy crisis in 100 days

Big Boss Musk offered to install battery storage worth US$25m.

Reuters reported that Tesla Inc boss Elon Musk on Friday offered to save Australia's most renewable-energy dependent state from blackouts by installing $25 million worth of battery storage within 100 days, and offering it for free if he missed the target.

The offer follows a string of power outages in the state of South Australia, including a blackout that left industry crippled for up to two weeks and stoked fears of more outages across the national electricity market due to tight supplies.

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