6 things Australian traders will be talking about this morning

business insider australia


6. Here’s how Elon Musk and Blockchain can revolutionise consumer energy consumption.

I strongly believe Tesla’s Powerwall batteries are going to revolutionise energy production and consumption when the price is low enough that we can all get them in our homes and the solar cells on our roofs.

I figure we’ll create our own energy, consume it, and the excess might mean that base load power can eventually be gain from city roof tops. This will take years though right?

Maybe not. Perth company Power Ledger released a note last week saying that it was commencing trials which will use the blockchain technology behind Bitcoin to allow “producers and consumers to trade their energy directly”.

Base load solar power can revolutionise the world and its energy markets.

I’m Greg McKenna and you can catch me on Twitter or at AxiTrader where I am the Chief Market Strategist.