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January 28, 2018 08:00 pm

Giant Tesla Battery In Australia Earns A Million Bucks In a Few Days

Long-time Slashdot reader drinkypoo writes: Last week, Neoen's and Tesla's massive battery was paid up to $1000/MWh to charge itself and now it could have earned up to 1 million AUD in the last few days by selling the power back to the grid to cover a coal plant outage. Unlike other forms of power storage, battery systems can be switched between states (charging, discharging, or idle) effectively instantly, which permits a stabilizing effect on the grid. "What we are seeing here," writes Fred Lambert at Electrek.co, "is the Powerpack system enabling Neoen to sell electricity at up to $14,000 AUD per MWh and charging itself at almost no cost during overproduction."

Read more of this story at Slashdot.


Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/VWU0Q8dEHKY/giant-tesla-battery-in-australia-earns-a-million-bucks-in-a-few-days

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