Nathanial, from what I understand, they intend to resurrect Tesla's Wardenclyffe Tower project. Tesla built it with the intention of using it to transmit radio signals across the Atlantic, but with the long-term objective of wireless energy transfer across the globe.
Unfortunately, the man he got the cash from to build it was the one and only J.P. Morgan. As corrupt a person then as his legacy is today, the cash Morgan lent to Tesla ran out during construction and Morgan refused to invest more and Tesla couldn't find other investors - largely due to a financial crisis in 1903 that Morgan himself instigated which wiped out small investors to Morgan's benefit.
Wardenclyff never lived up to its potential due to a lack of funding, and was eventually mothballed and then demolished during World War I. Living with the debt and the disappointment of the project, Tesla slowly went mad and had became a scientific laughing stock by the time of his death in 1943.
The idea of wireless energy transfer died with him, until around 15 years ago when the idea began to build steam at university campuses around the world. Now, there's a range of companies offering wireless energy transfer prototypes, and you are likely to see the technology integrate into multiple sectors by the end of this decade. Phones, electronic cars, medical implants, household items, drones and military stuff, energy and industry sectors, etc. Pretty much anywhere we have electricity you can find a reason to lose the wires and integrate wireless energy transfer. WiTricity, a company from MIT, is leading the field. But then there's others, like Drayson from Imperial College London (which has the land speed record for the world's fastest electric car), and PowerByProxi, which is from Auckland University and has Samsung as one of its backers - so will likely be the tech powering the next wave of Samsung electronic products.
Back to Tesla and this project, we now have the technology to do WET in a way Tesla probably didn't even conceive at the time, but no one as yet has really put the idea of global wireless energy flow into action. It's a truly exciting and revolutionary idea - although it's currently uncertain that it would work. But imagine if all the things I mentioned earlier - phones, cars, medical devices, etc - all ran anywhere all of the time? All we need then is the renewable power to support such a network, and baddabing, baddaboom, everyone has electricity and the world takes a giant leap forward.
Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming "Wow! What a Ride!”
― Hunter S. Thompson