Venture capitalist and former FNB CEO Michael Jordaan believes not even Elon Musk could succeed as Eskom CEO, and anyone willing to take the helm after André de Ruyter leaves would have to be “crazy”.
Not even Tesla owner Elon Musk could bring South Africa’s troubled power utility back from the brink and fix load-shedding.
While the suggestions have appeared to be primarily in jest, they are often laced with a hint of genuine hope.Tesla has enjoyed great success in employing its electric vehicle battery storage technology to develop power systems for other applications. Being able to dispatch some of the excess electricity generated during the day during peak demand periods could contribute to reducing the need for load-shedding.
A smaller inverter system also allows for cutting roughly one stage of load-shedding over four hours.Cost calculation for 1,000 Tesla Megapacks delivered to California its own battery energy storage system , which will provide 1,440MWh of capacity and a peak output of 343MW once finished in December 2024 — assuming Eskom completes the build on time.Speaking about more immediate solutions, Jordaan said that the load-shedding crisis presented a big challenge and an opportunity for entrepreneurs.
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