The lithium ion battery will be used to store renewable energy. The 129MWh battery is paired with a wind farm and is aimed to enhance the security of electricity supplies throughout South Australia. The project is also a major part of the $550 million energy plan of the government according to the state’s premier Jay Weatherill.
The government also confirmed that Musk guaranteed his pledge on Twitter early this year that he could present the in 100 days after signing the contract. Musk tweeted on March 10, “Tesla will get the system installed and working 100 days from contract signature or it is free. That serious enough for you?”
Musk also told the reporters in Adelaide, “When you make something three times as big, does it still work as well? We think it will, but there is some risk in that. We are confident in our techniques and the design of the system.”
He also stated that it would cost his group at least $50 million if they were not able to meet the set deadline of the project. However, further details relevant to the contract were not disclosed.
Weatherwill expressed his enthusiasm towards the project and stated, “I am thrilled with the selection of Neoen and Tesla, whose experience and world leadership in energy security and renewables will help South Australia take charge of its energy future. Battery storage is the future of our national energy market and the eyes of the world will be following our leadership in this space.”
He further explained that the project will deeply impact the economy. “This historic agreement does more than bringing a sustainable energy giant in Tesla to South Australia, it will also have some significant economic spin-offs.”
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