Sunday, February 04, 2018 6:31:50 AM
I still have my little position....
Tesla tapped by South Australia anew in virtual power plant plan
Multiple solar panels and batteries will be installed free of charge and financed through electricity sales
Published: 14:47 February 4, 2018
Sydney: South Australia plans to roll out solar panels and Tesla Inc batteries to at least 50,000 homes to form what its government says will be the world’s largest virtual power plant.
“What we’re doing is effectively putting an extra power plant into the South Australian energy market, and the extra competition drives down prices for everyone,” Premier Jay Weatherill said. “So we’re teaming up with one of the world’s great technology companies, Tesla. We have demonstrated that we lead the world in renewable energy: the world’s largest battery, the world’s largest solar thermal plant, now the world’s largest virtual power plant.”
Billionaire Elon Musk last year built the world’s biggest lithium-ion battery system to support South Australia’s blackout-plagued power grid. Musk made a bet on Twitter that Tesla could install a 100-megawatt storage facility in the Australian outback within 100 days or it would be free — and made good on his pledge to be finished by summer.
State election
South Australia, which will hold an election March 17, suffered a state-wide blackout in 2016 when storms caused a transmission failure. Australian Prime Minister Malcolm Turnbull blamed the power cut on the state’s rapid take-up of renewable power. Solar and wind make up about 40 per cent of its power generation, the highest of any mainland Australian state.
Weatherill on Sunday cited analysis by Frontier Economics as showing the 250 megawatt plant is expected to lower energy bills for participating households by 30 per cent.
“The size of it is the reason why it’s going to be a success,” Weatherill said. “The reason that we can have the world’s largest battery is because we have one of the highest proportions of public housing stock in the nation. So we’re able to use that, leverage that, to create this opportunity. The strength of it is its diversity and its size.”
http://gulfnews.com/business/sectors/energy/tesla-tapped-by-south-australia-anew-in-virtual-power-plant-plan-1.2168062
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM