• 2 minutes U.S. Presidential Elections Status - Electoral Votes
  • 5 minutes “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 7 minutes United States LNG Exports Reach Third Place
  • 2 hours https://www.prageru.com/video/whats-wrong-with-wind-and-solar/
  • 36 mins The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc.
  • 4 hours Here it is, the actual Complaint filed by Dominion Voting Machines against Sydney Powell
  • 23 hours JACK MA versus Xi Jinping
  • 39 mins Is the Chinese CCP Following the Left's Leadership, or the Left Following the CCP's?
  • 5 hours CNN's Jake Tapper questions double amputee purple heart recipient GOP Rep's commitment to democracy. Tapper is a disgrace.
  • 22 hours Researchers Are Harvesting Precious Metals From Industrial Waste
  • 2 days Tonight Twitter took down Trump's personal account permanently. Trump responded on the POTUS account.
  • 5 hours 'Get A Loan,' Commerce Chief Tells Unpaid Federal Workers
  • 8 hours Minerals, Mining and Industrial Ecology
  • 12 hours Do Republicans like Liz Cheney, Adam Kinzinger, Mitt Romney and now McConnell think voting for Impeachment can save the party ? Without Trump base what is the Republican constituency ? It's over.
  • 2 days A Message from President Donald J. Trump - 5 minutes from The White House directly
Low Lithium Prices Could Hold Back The EV Revolution

Low Lithium Prices Could Hold Back The EV Revolution

One of lithium's leading producers,…

Has Big Oil Turned Its Back On Alaska?

Has Big Oil Turned Its Back On Alaska?

Alaska recently attempted to auction…

Tesla To Build Even Bigger Battery In Australia

Tesla plans to build a 300-MW/450-MWh battery storage system in Victoria, Australia, three times bigger than the once biggest battery the company had constructed, also in Australia.

The new facility will help Australia as it moves to transition away from fossil fuels and towards renewable energy and will have the capacity to power half a million households for an hour, according to a Financial Times report. The company will partner with French Neoen on the project.

"By securing one of the biggest batteries in the world, Victoria is taking a decisive step away from coal-fired power and embracing new technologies that will unlock more renewable energy than ever before," Victoria environment minister Lily D'Ambrosio said, as quoted by the FT.

The new battery will be built near the Lorne power plant, which is expected to be shut down in the near future, Australian media outlet 3AW reported, quoting a local NOG chief executive who added that the battery would work in conjunction with other power sources.

"It's not enough on its own," Jono La Nauze told 3AW Drive. "To replace the Lorne (power station) requires about 600 megawatts of battery. This gets us about halfway there."

According to the local government, the 300-MW installation will also help drive down electricity prices for Victorians while increasing the reliability of power supply.

"We know in the time of climate change, our summers are getting far hotter and much longer, so that means there is increased strain on our thermal generators," Minister D'Ambrosio said as quoted by ABC News.

"Our independent analysis shows for every dollar that is invested, it will present two dollars for every Victorian in terms of value," D'Ambrosio also said.

The contract for the project, signed by Neoen, is worth $84 million.

Three years ago, Tesla partnered with the French company to build what was then the world's largest battery, in South Australia, after devastating power outages in the province.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News