Are we shocked to learn that this is a Blackrock boondoggle? Waratah’s $1 billion super battery failure throws coal-to-renewables transition into disarray, experts warn
Bankers pretending to be engineers. What could possibly go wrong?
It comes after the AFR revealed the super battery, owned by BlackRock through its subsidiary Akaysha Energy, suffered a “catastrophic failure” in one of three giant transformers.
There is of course no information on what went wrong, because why would there be? Transformers are typically very long-life components. They have no moving parts, though this being 2025, I'm sure this one was computerized in some way.
And in any event, there is no proper accounting of costs.
“The total scale of costs required to replace the security and stability of the coal system we have already is hard to keep track of,” he said.
Translation, "It's costing way more than we said it would, so were are cooking the books." Or that is how I read it anyway.
This is the MGUY Australia video BONKERS Billion dollar BIG 🪫 BATTERY 🪫 is BROKEN already...!
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