Elon Musk has agreed to build the world’s biggest lithium ion battery in South Australia in 100 days.
The array will be capable of an output of 100 megawatts (MW) of power at a time and will be able to store 129 megawatt hours (MWh) of energy. It is to be connected to the Hornsdale wind farm, which is currently under construction in SA.
If you are living in SA, the battery will primarily provide stability for the power grid but is unlikely to have a large impact on the average consumer power price in South Australia. It will help reduce instances of extreme price spikes, for example, if a very hot day is forecast during summer the battery can be fully charged in advance and discharged when air conditioning use is high, to help keep wholesale prices stable. The battery will also no doubt serve as a considerable boost to tourism in the local area of Jamestown.
Nationwide, the battery should be able to provide some serious competition in the market to drive down prices for consumers. This is great news for those interested in installing a battery storage system to compliment a new or existing solar system. Get in touch today for more information or a free, no obligation quote on solar or battery storage for your home.