• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 11 hours America's pandemic dead deserve accountability after Birx disclosure
  • 48 mins Fukushima
  • 3 hours Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 51 mins CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 8 hours Biden about to face first real test. Russia building up military on Ukraine border.
  • 19 mins U.S. Presidential Elections Status - Electoral Votes
  • 4 days U.S. and Chinese investors to buy Saudi pipelines , $10 Billion deal.
  • 4 hours New Chinese Coal Plants Equal All those in U.S.A
  • 2 days Does .001 of Atmosphere Control Earth's Climate?!
  • 1 day Oh the Dems!!! They cheer for helping people while stabbing them in the back!!! Enbridge asks Canadian government to support oil pipeline in dispute with Michigan
  • 2 days The coming Cyber Attack
  • 3 days NG spot prices hit triple digits for weekend delivery
  • 4 days Create a new law "Postericide" to prosecute and imprison Climate Change "Deniers"
Oil Prices Rangebound As Long Term Problems Emerge

Oil Prices Rangebound As Long Term Problems Emerge

Oil prices remain rangebound as…

Optimism Grows Over Oil Demand Recovery

Optimism Grows Over Oil Demand Recovery

Despite a third wave of…

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