Billionaire Elon Musk bets he can solve a looming energy crisis in Australia within 100 days by deploying Tesla Inc. technology to plug a supply gap which has caused power blackouts. “Tesla will get the system installed and working 100 days from contract signature or it is free,” Musk wrote on Twitter on Friday. @mcannonbrookes Tesla will get the system installed and working 100 days from contract signature or it is free. — Elon Musk (@elonmusk) March 10, 2017A later tweet from Musk said Tesla could supply the system at $250 per kilowatt hour, pricing the project at $25 million. — Elon Musk (@elonmusk) March 10, 2017Renewable energy — championed globally as a tool to combat global warming — is a contentious issue in Australia, the world’s biggest coal exporter.

Source: National Post March 10, 2017 14:37 UTC