Dec 15, 2017 Last Updated 4:28 PM, Dec 12, 2017

New Entry From the Editor :

Australian shopping empire Westfield sold to French property firm for $33 billion

Australian shopping empire Wes…

AusBN - Australian shopping mall juggernaut Westfield has been purchased by...

ASX introduces blockchain technology into trade settlement system

ASX introduces blockchain tech…

AusBN - Australian Securities Exchange (ASX) has become the first major glo...

Australia’s annual economic growth rate rises to 2.8%

Australia’s annual economic gr…

AusBN - Australia’s annual economic growth rate has risen to 2.8% aft...

90 companies to battle for SA mega-battery

solar powerplantAusBNAusBN - The government of South Australia has revealed that a host of international companies are competing to install Australia’s largest grid scale battery.

Up to 90 firms from 10 countries, including Tesla Inc (NASDAQ:TSLA), have expressed an interest in setting up the battery which will have around 100MW of capacity to store wind and solar energy.

The mega-battery will go a long way to addressing the issue of stabilising the national grid at peak times, which often tend to be when the sun and wind are low.

Elon Musk, business magnate and chief executive officer of Tesla, was first to register interest in the project, saying his renewable energy firm could supply the battery storage at US$250 per kilowatt hour.

"Tesla's interest and enthusiasm in this goes beyond just the Australian market. It is proving a concept and providing a solution," said Gero Farrugio, managing director of renewables consultancy Sustainable Energy Research Analytics.

The energy storage project will strengthen the renewable energy sector in the state and justify the government's investment in renewables, if successful.

@AusBNOnline

This Month's Issue

AusBN Vol3 Iss1

Subscribe

rgn web banner

abn web banner