Playing with the numbers here:
http://web.mit.edu/lochie/www/erange/main.html
...shows it can be made to work, provided the thing has very low drag (I was using a battery specific energy of 200 for a LiPoly cell). Given it's a streamlined blob with stubby wings, that seems vaguely plausible.
Anyone with a better grasp of the principles want to comment?
Update: I found their tech page (see link upthread). They use lithium ion. They have about the same specific energy as lithium polymer.
edit: this is also very generous because it assumes you don't need to takeoff and climb. Max cruise on the SR-20 is 155kn so the power requirement is as much as 20% greater
Also, what about helicopters? I guess the pilot might still have control after losing power because the blades would still be spinning?
Their mission is to release to the public in 2025 however, which makes the goal much more likely to be hit with improvements in technology.
Can't put 1,500kg into a Cessna - but if you are happy with 130kg of batteries for 50-60 minutes of max flight time, you can buy the Pipistrel Alpha Electro today.
What would be interesting would be a very long power cable - a mains lead - that took the thing to some useful altitude before detaching. I can't see myself having a reel of copper, 1km long in the back garden any time soon though.
[1] wrote my thesis with them, http://openbatt.org