Tesla’s massive Australia battery rakes in estimated $1 million AUD in a few days

January 24, 2018 by  
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The world’s largest battery storage project – Tesla’s South Australia battery – has not only helped stabilize the grid , but it could be quite profitable. Electrek reported the 100 megawatt (MW)/129 megawatt-hour (MWh) Powerpack project, operated by French company Neoen , may have raked in an estimated one million Australian dollars (AUD) in just a few days. The South Australia battery, part of Neoen’s Hornsdale Power Reserve , is used in two ways. Per Electrek, the government has access to a large amount of the capacity to stabilize the grid, and so far it seems the system has been put to good use – it reacted in milliseconds to crashed coal plants in December. And then Neoen has access to around 30 MW/90 MWh “to trade on the wholesale market.” Related: Tesla’s South Australia battery starts delivering power a day early It appears the company has been making good use of the battery. The system can “switch from charging to discharging in a fraction of a second,” according to Electrek, so Neoen can take advantage of changes in power prices – especially in times of high demand. RenewEconomy shared a graph with data from January 18 and 19 at the Hornsdale Power Reserve “showing the actual price achieved during the buying (charging) and selling (generation). It’s hard to be sure, but it might have made around $1 million over the two days from the wholesale market.” In the graph, Electrek pointed out that Neoen could sell electricity for as much as $14,000 AUD – around $11,294 – per MWh. And during overproduction, the system can charge itself at nearly zero cost. The publication also pointed out that use of the battery storage system is specific to Australia’s energy market – it might not be quite as valuable in other markets around the world. But it seems many people in Australia are interested in installing more such systems – Tesla and Neoen already have plans in the works for another battery in Victoria , and RenewEconomy said other batteries are coming in South Australia, New South Wales, Queensland, and the Northern Territory. + Hornsdale Power Reserve Via Electrek and RenewEconomy Images via Hornsdale Power Reserve and Tesla

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Tesla’s massive Australia battery rakes in estimated $1 million AUD in a few days

Tesla’s South Australia battery starts delivering power a day early

November 30, 2017 by  
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Elon Musk made an audacious bet earlier this year: he said his company would install a 100 megawatt (MW) battery system in 100 days to help South Australia beat blackout woes – or the project would be free. Not only did Tesla deliver on that promise , but the battery system actually started sending stored wind energy to the grid one day ahead of schedule. Tesla’s 100MW/129 megawatt-hour (MWh) Powerpack system, called the Hornsdale Power Reserve , is connected to the French company Neoen -owned Hornsdale Wind Farm, which is South Australia’s biggest renewable generator right now. The battery project can power around 30,000 homes for one hour, and was called upon a day early to help meet peak demand, dispatching around 59 MW of power. Related: New Tesla Powerpack system to offer energy savings of 40-50% The Powerpack project cost roughly around $50 million – and Tesla finished around 40 days before the deadline. It covers about one hectare of land and currently holds the title of the world’s biggest lithium-ion battery farm, but it won’t be long before it’s unseated by The Lyon Group’s $1 billion solar farm with 1.1 million batteries. South Australia announced a $550 million energy plan to help stabilize their grid shortly after Musk made his bet – including contracting for about 100 MW of energy storage. Vox pointed out while excitement for Tesla’s delivery is definitely warranted, another part of South Australia’s plan is incentivizing local natural gas and constructing a 250 MW gas-fired power plant. The state is in a sense “running a real-time competition for which can more quickly and reliably compensate for the loss of coal: renewables and storage, or natural gas,” according to Vox. South Australia’s energy plan website says the plan “will transform our energy network to provide reliable 21st century clean energy .” + Hornsdale Power Reserve Via ABC News and Vox Images via Hornsdale Power Reserve and Tesla on YouTube

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Tesla’s South Australia battery starts delivering power a day early

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