Why the Energy Industry Should Look to Elon Musk for Inspiration

Tesla CEO Elon Musk is having a good year. Back in June, the automotive start-up signed a deal with Transgrid to supply New South Wales homes with their Powerpacks; in July Tesla inked a second deal to build a 100-Megawatt battery system in South Australia, which Musk proposed to have finished within 100 days.

There’s little argument that Elon Musk believes renewable energy will be a key factor in humanity’s future. In a 60 Minutes interview with Liz Hayes, Musk made it known that if energy isn’t renewable, it’s not going to last.

“It’s a definition that if it’s not renewable, it’s going to run out at some point,” Musk explained. “And we will have the choice of the collapse of civilization—and into the Dark Ages we go—or we find something renewable.”

Renewable energy is imperative for benefit of our planet. There’s a sizable amount of distrust between Australia’s six states and the Commonwealth over Australia’s future energy sources, and how much it will cost – a conflict Musk is now very much caught in the middle of. Energy has become so expensive that people are living off the grids in order to save money. In order to belittle Musk’s efforts, a member of Liberal Part of Australia compared the 100-Megawatt battery system to a tourist attraction. Let’s face it – Elon Musk is a disruption, poised to transform the entire energy sector.

Despite conflicts, Musk believes the residents of Australia should be proud of the fact that is now home to the world’s biggest battery. As a matter of fact, people in Australia are now taking charge in search for green energy sources. This can also be seen in other countries that are now switching from fossil fuels to greener sources.

In recent months alone, Tesla’s battery packs have done which no politician or business leader can accomplish in a time of disaster. In Puerto Rico, Tesla has started restoring power to local hospitals following the irreparable damage caused by Hurricane Maria. It pushed back the launch of the all electric semi-truck to renew focus on helping Peurto Rico get back on its feet. The energy storage company is ramping up battery production in order to meet the Island’s needs. In Logan City in southeastern Australia, Tesla has managed to save $1.5 million after installing one of its power packs. Tesla is putting in a lot of effort.

Elon Musk Energy Industry

The Summit 2013 (Picture by Dan Taylor / Heisenberg Media – http://www.heisenbergmedia.com)

All that ‘bringing back coal’ talk in the United States and opening more oil reserves can be discouraging for those who care about the future of the planet. The good news is, Elon Musk has laid out an incredible plan for transitioning the entire US to green energy. At the National Governors Association meeting this year, Musk talked about how little real estate would is required to power the nation.

“If you wanted to power the entire United States with solar panels, it would take a fairly small corner of Nevada or Texas or Utah; you only need about 100 miles by 100 miles of solar panels to power the entire United States. The batteries you need to store the energy, so you have 24/7 power, is 1 mile by 1 mile. One square-mile,” he said.

As of now, only 15 percent of the country runs on green energy. Under Elon Musk’s plan, the number could be 100 percent. This plan includes Tesla’s new solar roof with utility-scale solar. The panels on a house can make up needs in all areas including the suburbs. During the transition, we’re likely to rely on power like wind, hydro, geothermal and nuclear energy.

Localized power, i.e. solar panels on a roof, will prove to be most important as it reduces infrastructure such as big power lines.

The question remains – why solar energy over other methods of power generation? According to Elon Musk, humans have relied on the sun since the beginning of time.

Elon Musk Energy Industry

In recent months alone, Tesla’s battery packs have done which no politician or business leader can accomplish in a time of disaster.

People talk about fusion, but what we fail to keep in mind is that the sun is a giant fusion reaction in the sky. It’s a reliable source of energy. It comes up every day. If it doesn’t, we’d be in big trouble.

There’s no time to pit for oil companies. These companies were founded over centuries ago, and there’s little indication that says otherwise that they are to be blamed for climate change. These companies worked really hard to bring the world into the 21st century powerhouse that is it today. While it is true that we cannot instantaneously change our present situation, what we can really do is support entrepreneurs to help make the change slow.

There’s no question whatsoever that transport is turning all electric. The biggest challenge for automobile companies is competing with gasoline chugging vehicles. Essentially, it boils down to the fact that pollution from fossil-fueled cars has had a huge impact on everything, including how we look towards green energy.

Avatar
Anna Domanska
Anna Domanska is an Industry Leaders Magazine author possessing wide-range of knowledge for Business News. She is an avid reader and writer of Business and CEO Magazines and a rigorous follower of Business Leaders.

Recent Posts

Elior acquires Nestor, the single meal food delivery startup

Elior acquires Nestor, the single meal food delivery startup

Elior, the corporate catering company, has acquired the French startup Nestor for an undisclosed amount. Nestor, a Paris, France-based food delivery service, started in 2015 with a
1 day ago
Axa gears to buy office space worth €800m in European cities

Axa gears to buy office space worth €800m in European cities

Axa Investment Managers, the French fund house, is not too worried about predictions that the post-pandemic world will see more people working from home and office real estates shr
2 days ago
ShareChat raises $502 million at $2 billion valuation

ShareChat raises $502 million at $2 billion valuation

ShareChat, the Indian owner of short video app Moj, has raised $502 million in the series E round of funding, pushing its value at $2.1 billion in the market. The five-year-old com
2 days ago
Small business groups form coalition to lobby for strong antitrust laws

Small business groups form coalition to lobby for strong antitrust laws

Small merchant groups are coming together to rally for strong antitrust laws to prevent big conglomerates like Amazon from swallowing up the smaller traders and businesses. Trade g
3 days ago
Vitol’s profit soars during 2020 oil crisis

Vitol’s profit soars during 2020 oil crisis

The world’s largest independent oil trader Vitol made record profits in 2020 as the fluctuations in the global energy markets resulted in a windfall. Vitol suffered an $85 billio
4 days ago
Seadrill proposes debt write off of $4.8 billion

Seadrill proposes debt write off of $4.8 billion

Seadrill Ltd., a deepwater drilling contracting company, owned by billionaire John Fredriksen, said it is ready to write off a debt of over $4.8 billion, giving lenders a 99 perce
5 days ago