Here is some positive news coming out of Australia.
Is this the Gigawatt battery deal Elon was talking about?
Will this be the catalyst for the much talked about short squeeze?
Mr Gupta is talking 10 GW solar plus massive battery storage.
This is not a typo. Yes we are talking 10 GW solar with ? Not sure how many batteries or who will supply them but this is right up Tesla’s ally.
I believe Mr Gupta usually does what he says he will do.
IMAGESanjeev Gupta wants to harness the power of electric cars.(ABC News: Nick Harmsen)
The energy conference also heard from Whyalla steelworks boss Sanjeev Gupta, who wants to turn his company GFG Alliance into one of the nation's biggest energy providers.
The British billionaire outlined plans for a massive 10 gigawatts of solar energy, saying the proposal would be backed up by a huge grid-scale battery and pumped hydro dams.
The latest announcement is for 10 times as much
power production as previously flagged.
"Our largest investments will be in solar. We have stated 1,000 megawatts in South Australia," he said.