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World NewsAustralia switches on Victoria Big Battery powered by Tesla Megapacks

Australia switches on Victoria Big Battery powered by Tesla Megapacks

A Tesla Megapack in Moss Landing, California

Andrew Evers | CNBC

One of the world’s largest battery-based vitality storage methods, powered by Tesla’s utility-scale batteries referred to as Megapacks, started working within the Australian state of Victoria on Wednesday.

Large vitality storage methods primarily based on lithium-ion batteries have the potential to stop blackouts and assist utilities retailer vitality generated from renewable however intermittent sources, like photo voltaic or wind.

Paris-based renewable vitality big Neoen developed the power with companions Tesla Energy and AusNet, with some development by Cimic Group’s UGL. It can retailer as much as 300 megawatts of vitality, which is sufficient to energy a million houses for half an hour, in accordance with the web site for the mission.

Lily D’Ambrosio, Australia’s Minister for Energy, Environment and Climate Change, stated in a tweet on Wednesday in Australia, “The Victorian Big Battery is here. It’s the biggest battery in the southern hemisphere — safeguarding our energy supply through hot days, driving down electricity prices and supporting our massive renewable energy build. Victoria, you should be proud.”

In July 2021, a hearth impacted two of the Tesla Megapacks that energy the Big Battery. No accidents had been reported, although the hearth triggered a poisonous air alert to surrounding neighborhoods.

After that, Neoen stated that Tesla took “mitigating actions” primarily based on a root trigger evaluation carried out collectively. For instance, Tesla made adjustments to its Megapack firmware and monitoring methods on the web site, Neoen stated on the time.

Tesla’s vitality division has not been a revenue engine for the corporate lately. However, executives described rising demand for the corporate’s vitality storage merchandise together with the Powerwall for houses, Powerpack for business amenities, and utility-scale Megapacks through the firm’s third-quarter earnings name.

During the quarter, Tesla generated $806 million in income from its vitality division, which mixes photo voltaic and vitality storage merchandise. Costs of income for Tesla Energy rose through the third quarter to $803 million, that means Tesla Energy squeaked out a skinny revenue. By manner of comparability, automotive revenues through the quarter topped $12 billion, with automotive price of revenues amounting to $8.4 billion.

The firm stated in its financial filing for that interval:

“We continue to increase the production of our energy storage products to meet high levels of demand, including beginning construction of our Megafactory in Lathrop, California, but such production is also sensitive to global component constraints. For Megapack, energy storage deployments can vary meaningfully quarter to quarter depending on the timing of specific project milestones.”

The Victorian Big Battery ought to herald income for that division now that it’s switched on.

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