Among the world’s largest battery-centered energy storage systems, fueled by Tesla’s utility-scale Megapack batteries, went live in Victoria, Australia. Large lithium-ion battery-centered energy storage technology have the potential to avert blackouts and allow utilities to store and utilize more energy produced from renewable yet intermittent sources such as solar and wind.
The facility was designed by Paris-based renewable energy firm Neoen with partners AusNet and Tesla Energy, with some building by Cimic Group’s UGL. According to the project’s website, it has sufficient capacity to fuel one million households for half an hour.
“The Victorian Big Battery has arrived,” Minister in charge of Energy, Environment, as well as Climate Change in Australia, Lily D’Ambrosio tweeted. It’s the southern hemisphere’s largest battery, ensuring our energy supply on hot days, lowering electricity prices, and backing our major renewable energy expansion. “You should be proud of yourself, Victoria.”
As per a report from an Australian daily newspaper titled The Age, she also stated that 80 percent of system’s capacity is going to be set aside for times when Victoria’s supply of power is under severe strain. The large battery should be capable of powering more than 650,000 houses for one hour in certain circumstances. While that may not seem like a long period, even a small backup power supply can make a major difference for a large population.
Grid operators often employ generators to provide electricity to power facilities for emergency “black starts,” allowing them to restart their operations and continue distributing power to businesses and homes after a breakdown. Having an energy reserve stored in a massive lithium-ion battery-centered energy storage technology can be able to keep the lights on in businesses and homes while the grid operators deal with plant concerns. Energy storage devices can also be used as black start resources.
A fire damaged 2 of the Tesla Megapacks which power the Big Battery before it was turned on in July 2021. The incident did not result in any injuries, but it did cause a toxic air alert in the nearby areas. Following that, Neoen stated that Tesla implemented “mitigating actions” based on a shared root cause analysis. Tesla, for example, changed its Megapack firmware and tracking systems at the facility, according to Neoen at the time.
In recent years, Tesla’s energy segment hasn’t really been a profit generator for the corporation. During the company’s third-quarter results call, officials mentioned increased demand for energy storage products such as the Powerwall for residences, Powerpack for commercial buildings, and utility-scale Megapacks.
Tesla’s energy sector, which includes solar and energy storage devices, brought in $806 million in terms of the revenue during the quarter. Tesla Energy’s revenue costs increased to $803 million in the third quarter, resulting in a razor-thin profit. In comparison, automotive revenues in the third quarter reached $12 billion, with $8.4 billion in automotive cost of revenues.