Trevor St Baker is one of the smart billionaires in Australia who is investing serious money in the transportation sector to promote the changeover to EVs despite his history and vocal support for coal-fired power stations. He is a coal baron who drives a Tesla Model 3, and he is building an EV ecosystem.
After a couple of decades working with the governments of New South Wales and Queensland planning electric utilities, he moved into the private sector in the 1980s. He worked on the establishment of Queensland’s first power station planning department in 1971 and its first Energy Resources Division in 1975.
One of his smartest buys was the Eraring power station in New South Wales. St Baker bought it from the NSW government for $1 million in 2015. It has become a money printing machine for the new owners. It is now valued at $221 million. As you would expect, he is not a big fan of renewable energy and has lobbied against it with both the state and federal governments.
However — he has seen the direction that the electrons are flowing and is funding a string of startups in the electric vehicle space. Tritium is now an international provider of high-speed DC chargers. Chances are, you have used one. Tritium supplies chargers to Evie, St Baker’s charging company, among many others. Kiosks are springing up on highways throughout Australia as well as the United States and Europe.
St Baker Energy Innovation Fund is also bankrolling the importation of electric cars from BYD in China. These vehicles — a small sedan, the BYD e2, and the T3 van — will be imported by True Green and its subsidiary Nexport. Orders have opened and the vehicles should be here by the end of the year. True Green expects prices to be similar to a petrol equivalent.
“This partnership means Australia has now reached the point of mainstream transition to zero emission vehicles,” St Baker said.
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.
Former Tesla Battery Expert Leading Lyten Into New Lithium-Sulfur Battery Era — Podcast:
I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it! We just don't like paywalls, and so we've decided to ditch ours. Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps — gasp — grow. So ...