• 3 minutes The World Economic Forum (WEF) - Davos 2022 Conference held this last week of May
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 40 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 13 hours "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 3 days Advancing Fundamental Drilling Science - Geothermal drilling successes offer potential gain for petroleum industry
  • 2 hours "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 13 hours "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
Memorial Day Gasoline Prices Are At An All-Time High

Memorial Day Gasoline Prices Are At An All-Time High

Inflation-adjusted—or real—gasoline prices in the…

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

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News