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

Beer with biodegradable six-pack rings finally hits the market

January 24, 2018 by  
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SaltWater Brewery in South Florida is the first brewery to test biodegradable six-pack rings. Designed by start-up E6PR , the Eco Six-Pack Ring is made from wheat and barley, which allows it to be composted. And best of all? The six-pack ring is not harmful to aquatic life if swallowed. If widely adopted, this groundbreaking product could result in a significant decrease in both plastic pollution and wildlife injuries or deaths related to ingestion of or entrapment in six-pack rings. Initially introduced as a concept in 2016, E6PR’s green six-pack holder required considerable fine-tuning, a process that continues as the startup aims to expand production. “Bringing the product to the level of performance that we have right now was really challenging,” Francisco Garcia, Chief Operating Officer at E6PR, told Fast Company . Since the current model is made from wheat and barley, it is technically edible, though human consumption of the product is not advised. The next iteration will be made from brewing waste by-products in a production facility soon to open in Mexico . Related: This Louisiana craft beer pioneer ‘went green’ long before it was cool If the current roll-out of E6PR’s green six-pack holder proves successful, the startup hopes to expand the product’s usage to other breweries. In addition to its collaboration with craft beer maker SaltWater Brewery, E6PR is also working with a large brewing company to test the scalability of the product. “For Big Beer, it’s really about making sure that we can not only produce the E6PRs, but also apply them at the speed that those lines require,” Marco Vega, co-founder of ad agency and E6PR collaborative partner We Believers , told Fast Company . E6PR also hopes to bring its green drink packaging to other beverages like soda. As E6PR and other companies race to release market-competitive, green packaging products, consumers and environmentalists have reason to hope the tide may someday turn against plastic pollution, more than 8 million tons of which is dumped into the world’s oceans each year. Via Fast Company Images via E6PR

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Beer with biodegradable six-pack rings finally hits the market

Tesla nears halfway mark with world’s largest battery installation in South Australia

October 2, 2017 by  
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Never one for small talk, Tesla announced that one of its most significant projects, apparently the world’s largest battery installation, is just about halfway finished. The 100MW/129MWh utility-grade battery bank near the site of the 100MW Hornsdale Wind Farm in South Australia will be the largest system connected to an energy grid. This massive undertaking was inspired by a bet between Tesla CEO Elon Musk and Australian software billionaire Mike Cannon-Brookes, who could not believe that Tesla was able to install its grid-tied battery systems as quickly as it claimed. Musk, confident in his company’s work, promised to install the world’s largest battery bank in 100 days or the State of South Australia would receive it for free. The clock is now ticking. After accepting the challenge, Tesla participated in a competitive bidding process to unlock a $115 million renewable energy fund from the State of South Australia , which has suffered disruptive blackouts in recent summer seasons. After estimating that the world’s largest battery bank would cost $32.35 million, excluding labor costs and taxes, Tesla was awarded the contract in partnership with the French company Neoen, which owns the Hornsdale Wind Farm on which the battery bank is being built. Musk made clear that the negotiation phase did not count towards the 100 days deadline. The stakes are high; if Tesla fails to complete its task within 100 days, it could suffer a loss of $50 million or more. Related: Tesla is shipping hundreds of Powerwall battery systems to Puerto Rico Last Friday, Tesla officially announced the start of its 100-day challenge, though it would seem that the company gave itself a bit of a head start. The battery bank, which is being built at the Tesla/Panasonic Gigafactory in Sparks, Nevada , is nearly halfway complete as is the installation of batteries into the bank. “To have that [construction] done in two months … you can’t remodel your kitchen in that period of time,” said Musk at a kickoff event, seeming to acknowledge the absurdity of the situation. If any company is up to this kind of challenge, one based on a bet between billionaires, it’s Tesla. Via Ars Technica Images via Tesla

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Tesla nears halfway mark with world’s largest battery installation in South Australia

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