Brocker.Org: Malcolm Turnbull talks batteries with Tesla’s Elon Musk – The Australian Money Overview


Prime Minister Malcolm Turnbull has pressured his aid for battery storage technological innovation for the duration of an hour-long phone phone with Tesla founder Elon Musk on Sunday.

A working day soon after Mr Musk spoke with SA Labor Premier Jay Weatherill about his offer to assist solve SA’s foundation load ability disaster, the Prime Minister picked up the phone.

Mr Turnbull, who cited huge-scale battery storage as a person of three answers to foundation load ability when he dealt with the National Press Club last thirty day period, informed Mr Musk he could not fully grasp why the technological innovation had taken so long to gain prominence as a solution.

“The pair had an in-depth discussion on the benefit of storage and the upcoming of the electricity procedure,” claimed a spokesman for the Prime Minister.

The SA offer was discussed “in standard phrases” and the pair agreed to keep conversing more than coming months.

Mr Turnbull has also cited coal and gasoline as suppliers of baseload ability right up until storage technological innovation was sufficiently progressed.

Electrical power Minster Josh Frydenberg and his Labor counterpart, Mark Butler, both equally welcomed Mr Musk’s interest in SA but also cautioned that there was still considerably detail to be sorted.

“Elon Musk and the Premier of South Australia, Jay Weatherill, had an first converse by phone yesterday and they are pursuing that up more than the following minimal even though,” claimed Mr Butler, who is a South Australian and good friend of the Premier.

“Certainly it is at a pretty formative phase at the minute and there requires to be some detail filled in, but seriously I believe the velocity with which the costs of these batteries are coming down has surprised party the most optimistic of analysts,’ he claimed.

“It seriously is an incredible value curve we are observing.”

Mr Butler claimed it was in stark contrast to the federal Coalition which has put coal-fired ability back on the desk as a resource of foundation-load ability.

“It tells you one thing about the new media I believe, and just how quick tips are able to unfold not just throughout Australia but throughout the planet. But it also claims, I believe, a lot about the vacuum in policy management we have at a national level,” he claimed.

Mr Frydenberg noted that the authorities was also pushing battery storage as a person of its three pronged-tactic to ensuring trustworthiness of supply.

While Mr Musk’s offer of a 100mw storage facility would not fix SA’s requires in instances of peak need, “far more storage is very good”, he claimed.

Treasurer Scott Morrison, who not long ago waved around a lump of coal in Parliament, claimed on Sunday coal still had a part to perform in the nation’s vitality upcoming i that it would be demanded for baseload ability “even though we transfer to new technological innovation”.