Elon Musk Promises To Solve Australia's Energy Crisis In 100 Days With A Money-Back Guarantee

Australian Broadcasting Corporation

Cue Elon Musk, Tesla Inc TSLA's eccentric CEO and visionary, to the rescue. Musk, along with his cousin Lyndon Rive — who was the CEO of Tesla's recently acquired SolarCity, promised to install 100–300 megawatt hours of batteries required to solve the energy crisis.

But What's Going On In Australia?

Related Links: 6 Things Elon Musk Is Working On Other Than Tesla 9 Things You Need To Know From Bloomberg's Elon Musk Interview ________ Image Credit: Elon Musk, SpaceX chief executive officer and lead designer, left, and Hans Koenigsmann, SpaceX vice president of Mission Assurance, By NASA Kennedy from United States (KSC-20160408-PH_KLS0003_0119) [Public domain or CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons

The best part of this offer: Musk promised to get the job done in 100 days, or it is free.

Given the billionaire Musk's celebrity-like status, the root cause of Australia's energy crisis deserves to be highlighted and discussed.

According to a Bloomberg report, South Australia suffered a blackout back in September after a storm caused a transmission failure.

The country's prime minister, Malcom Turnbull, attributed the power cut to the country's rapid ramp of renewable power as solar and wind account around 40 percent of the country's power generation.

In fact, renewable energy has been a hot-topic in Australia as the country implemented a tax on carbon under the prior Prime Minister Tony Abbot. But Turnbull's 2013 election win resulted in the tax on carbon being cancelled and the new government lowered its targets for how much energy will be drawn from wind and solar by 2020.

Meanwhile, South Australia Premier Jay Weatherill brushed off theories that the power crisis is a by-product of the country's over-reliance on renewable energies. He also acknowledged Musk's proposal and said in a statement that he is "looking forward" to evaluating and discussing the proposal.