Elon Musk Offered to End an Energy Crisis Down Under

Elon Musk Promised South Australia 100MW of Batteries in 100 Days or Its Free. South Australia has suffered through six months of intermittent black outs. The failures have become a major political issue in Australia. The centre-right Federal government has been blaming the outages on the opposition-party State government's drive to install renewable energy production. Tesla's ability to deliver cheap batteries has increased since the opening of its $5 billion factory near Sparks, Nevada in 2016. The factory is expected to produce enough lithium ion batteries to store 35 gigawatt-hours of power, equivalent to all the lithium ion batteries produced globally in 2013.

This article was written by a staff member of TheStreet.