Suppose that for an extra $5,000 on your home loan you could have unlimited electricity for all the household appliances and your electric car for the lifetime of your loan. Over the 25 years that must pass as you steadily pay the bank more than double the amount you borrowed [yes folks, it’s true] you would not have any energy bills.
Would you take the offer?
Now suppose you also own a factory that makes Halloween costumes for kids, the only one of its kind outside of China, and I said that for $20,000 you could have unlimited power day and night to run the machinery for as long as there are kids wanting lollies and parents willing to buy them scary outfits.
Would you find the money?
And now for your next car, whether you are in the market for an SUV or a hot hatch, what if you could purchase an electric version of you model of choice that had the acceleration of a Porsche, a 500km range, and cost 20% less than the petrol version?
What would you say?
It seems that Elon Musk the co-founder of the Tesla car company [among other things] knows your answers. He is building a solar-powered Gigafactory to make batteries. The plant will cover 93 ha of the Nevada desert and produce 50 GWh in annual production by 2020.
Because all it takes to realise these fantasies is the ability to capture and store sun or wind energy at a reasonable price. Reliable cheap batteries would make it happen
Here is the fourth and final question.
What would you do if you were on the board of a company and responsible for maintaining profits from a coal mine or coal-fired power station and you had the ear of the Australian prime minister?
Answers on a postcard.