Can Elon Musk fix Puerto Rico's broken power grid?

Can Elon Musk fix Puerto Rico's broken power grid?

Can Elon Musk fix Puerto Rico's broken power grid?

Saddled with debt and without the resources to tend to it, Puerto Rico's is even more burdened.

However, the biggest positive in making Puerto Rico a showcase for solar power is the island of Ta'u in American Samoa.

With the U.S. territory island in $70million worth of debt and the Puerto Rico Electric Power Authority (PREPA) alone in $9million debt getting electricity back to the island is a distant dream without assistance.

Puerto Rico's governor, Ricardo Rossello, seems interested, telling the Tesla CEO: "Let's talk". It's only a matter of scalability A collaboration between Tesla and other players in the solar energy market could remake Puerto Rico's electrical grid into a showcase of what a solar-based grid system will do for the whole island. The island of Ta'u has a population of only 790, while Puerto Rico is home to 3.4 million.

Musk & Co. have said all Tesla vehicles produced since October 2016, including the $35,000 Model 3 sedan, contain "the hardware needed for full self-driving capability", though such features aren't now enabled.

Puerto Rico's fragile power grid was knocked offline after Hurricane Maria barreled through the USA territory in late September, leaving millions of people without electricity.

Tesla is considering rebuilding Puerto Rico's storm-damaged power grid with its battery storage and solar energy equipment.

"Do you want to show the world the power and scalability of your #TeslaTechnologies?".

Puerto Rico's chief innovation officer Glorimar Ripoli is also on board.

Shares in Tesla were up about 1% to around 359 near the end of Friday's market session.

As Musk mentioned in his tweet, Tesla has some experience building solar energy grids in countries facing power shortages. So bad, in fact, that restoring power to everyone on the island is expected to take months.

In November 2016, Tesla turned the American Samoa nearly 100 percent energy independent relying exclusively on solar power, by installing more than 5,300 solar panels and 60 Powerpacks, - a project that cost $8 million. The price of Puerto Rico's general obligation bonds fell more than 30% the next day.

Musk and Trump have had their differences.

Related news