Since its installation a year ago, Tesla’s mega battery in Australia has saved over $40 million AUD
A year ago, Tesla installed the world’s largest lithium ion battery in Jamestown, South Australia, in order to help the area which had been facing some serious electricity problems. Till today, the 100-megawatt Hornsdale Power Reserve, has saved over $40 million AUD in annual maintenance costs to the electrical grid, also known as frequency controlled ancillary services (FCAS).
The battery was built in just 54 days after Tesla CEO Elon Musk made a bet with state legislators, saying that if he was unable to finish the battery in 100 days, he would give it to them for free.
In addition to being a cheaper replacement to the fossil-fuel dependent system that was previously used by the energy market operator, the battery creates zero carbon emissions. It is also capable of responding to outages in a matter of milliseconds, which could not be achieved by previous backups.