For the sake of innovation and cheaper & efficient energy alternatives, I hope that’s not the case. Change is never easy, certainly not when it’s this revolutionary. I do believe they will need to work out at a lot of the kinks in the project including uninterrupted transmission and health hazards but this is a great step forward.
Regulators are always a pain, but they will come around finally if they can see the results. The good thing about the project is that it is in NZ, where red tape is one of the least in the world. Considering they are conducting the trials with the second biggest power supplier in the country should provide some merit to it.
For the naysayers — imagine airplanes 100 years ago, deep space missions 50 years ago, or managing your daily life from a smartphone 15 years ago. None of these were possible.