Tesla boss Elon Musk on Friday offered to save Australia's most renewable energy --
By installing battery storage worth 100 MW hours within 100 days of signing the contract, the energy-dependent state is exempt from power outages.
The proposal was made after a series of power outages in South Australia, which raised concerns that there would be more power outages in the national electricity market due to tight supply.
The billionaire outlined Tesla's offer to launch batteries on Twitter, saying his company could offer electricity for $250 a kilowatt hour.
Environment and Energy Minister Josh Frydenberg said in an email to Reuters: "The government stands ready to work with companies that have made serious proposals to support the deployment of more storage through ARENA and CEFC
ARENA is a renewable energy agency in Australia and CEFC is a clean energy finance company.
Musk made this offer in response to Mike Cannon's comments on social media --Common Brooks
Founder of Australian software maker Atlassian Corp. , he said he would be willing to queue up for funding and political support if Tesla could provide batteries to solve South Australia's problems.
Musk responded on Twitter: "Tesla will install the system within 100 days of signing the contract, or free of charge.
This is serious enough for you. "He quoted $250 per kilowatt hour for the 100 megawatt hour system, which means that the price of the battery pack is $25 million.
Brooks asked for an estimate. "You're a teammate.
Give me 7 days to solve the political and financial issues, "Cannon wrote on Twitter.
Brooks could not be reached immediately for further comment.
Tesla launched Powerwall 2 in Australia, the world's largest rooftop solar market.
Battery storage is just one of several options that the government is considering to ensure a reliable power supply as the country becomes more dependent on intermittent wind and solar energy.
"We have talked to some big companies --
Expand battery providers on potential storage solutions, including in South Australia.
"In terms of the extent of Tesla's interest, we will also talk to them," Oliver Yates, chief executive of Clean Energy Finance, said in an email statement.
After the record-
Australian Energy Market operators warned this week that more gas is urgently needed to support eastern Australia in the next two years.
Power wind and solar energy to avoid power outages.
(Reported by Sonali Paul;