elon musk\'s tesla to build world\'s biggest lithium ion battery to secure power for south australia

Due to the historic agreement between Tesla and the state government, South Australia will have the world\'s largest lithium-ion battery.
Tesla boss Elon Musk has promised to build it in 100 days, otherwise it will be free.
Tesla will build 100
Megawatt\'s batteries will store energy from the French renewable energy company neonen\'s Hornsdale wind farm near Jamestown, which is still under construction.
The project will be completed by summer.
Once the grid connectivity agreement is signed, Musk\'s \"100-day or free\" commitment begins.
But if Musk fails to deliver on his promise by the deadline, he may lose his pocket significantly.
He estimates that if the battery is not installed for 50 million days, he will spend \"about $100 or more \".
He said: \"If South Australia is willing to take a lot of risks, then we are willing to take a lot of risks . \"
South Australia has struggled with power problems since a power outage across the state in September 2016.
In response, the state government announced a series of measures to improve stability, including the establishment of a 100-megawatt (
129 MW hours)
Own and operate natural gas worth $0. 36 billionfired plant.
The Chinese government says the battery will put the country at the forefront of global energy storage technology.
The battery will stabilize the network at any time and provide support
Increase electricity if there is a shortage.
Mr. Musk, who is also head of space X, a space exploration company, said at a press conference in the Adelaide Oval that the project was \"not a small attempt at the frontier \".
This is \"three times higher\" than ever before, he said, and will \"stabilize the grid and buffer power \".
\"When the production cost is very low, you can basically charge the battery pack when you have excess power. . .
\"Then discharge when the cost of electricity production is high, which effectively reduces the average cost of the end customer,\" Mr Musk said . \".
\"This is a fundamental improvement in power grid efficiency.
Mr. Musk\'s initial 100
After billionaire tech guru Mike Cannon of Australia reminded South Australia of the power dilemma, Twitter promised on the third day --Brooks, who\'s together?
Atlassian started a software business.
This commitment caught the attention of twitter and surprised Mr. Cannon --
Brookes wrote \"sacred s % t\" on Twitter \".
Mr. Musk, who will visit Jamestown before leaving Australia, said the battery would be a \"well-laid white obelisk \".
Mr. Weatherill said the state is leading the country in renewable energy and will now be leading the world in battery storage.
\"This will completely change the way renewable energy is stored, it will also stabilize the South Australian network and put downward pressure on prices,\" he said . \".
\"It offers new opportunities for renewable energy in this state, this country and around the world to dispatch [to be used].
\"Mr. Weatherill said that the government has about 91 international bidders for the battery project.
\"A few days before we released the plan between Elon Musk and Mike Cannon, it certainly got a little bit of help from Twitter communication --Brookes.
\"This historic agreement will not only bring Tesla\'s sustainable energy giant to South Australia, but will also bring some major economic developments --
\"Said Mr. Weatherill.
Neoen\'s deputy chief executive, main rousseaux, said the company is proud to work with the government and Tesla to expand the Hornsdale wind farm in Jamestown, North-central part of the state.
\"At 100 MW and 129MWh, the holanddale power reserve will not only be the state\'s largest renewable generator, but also the home of the world\'s largest lithium-ion battery, thanks to our company\'s long term
\"Direct investment in South Australia has grown to nearly $1 billion since 2013,\" he said . \"
Professor Tim frankry, chief commissioner of the climate committee, said the state is getting rid of contaminated, expensive and inefficient fossil fuels.
\"The South Australian people have witnessed firsthand how fast the technology is being manufactured and used, and the battery is expected to be put into use this summer,\" said Professor frankry . \".
\"In terms of demonstrating how renewable energy and storage technologies can power our economy cheaply and cleanly, South Australia is the world leader as much as California. \" Topics:solar-
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