3 ms·

NZ recently scraped Lake Onslow seasonal hydro storage. My estimate it was about 100x cheaper per kWh when compared with Powerwall.

• toomuchtodo 2y ago
  Can you provide background and/or context as to how and why this decision was made?
  • dzhiurgis 2y ago
    New government (that Elon Musk himself congratulated) has terminated tons of projects and rolled back some laws: - Removed EV subsidy - Scrapped Lake Onslow seasonal pumped hydro storage - Removed generational smoking ban (made it to 18yo like most countries) - Gave 50% discount to heated tobacco products (aka IQOS) - Gave a tip whose projects will be fast tracked - Reduced housing insulation minimums - Terminated new inter-island ferry project to replace aging ferries (tbh this one was getting out of proportion) - Reintroduced tax interest write-off for landlords who rent their houses - Removed free school launches for poorest country schools Their goal was to end government spending, but giving $2b+ to countries richest people seems opposite. And to give them credit here's couple of good things that will definitely help property market: - Ability to import abroad-certified building supplies (atm there's a building supply monomopoly) - Ability to build up 60sqm backyard homes without consent - Densification plans
    • toomuchtodo 2y ago
      Oof. Good luck over there.