if elon musk loses this bet, tesla could be out serious cash - energy storage solutions
Without at least a few stories about Tesla and SpaceX founder Elon Musk, this is a slow news cycle with major predictions or commitments.
Just a few weeks ago, when SpaceX announced plans to send two space tourists back and forth on the far end of the moon, he was in the news.
Now, he is making headlines about bets related to Australia's energy crisis.
Background: the shortage of natural gas supply in Australia has caused a lot of problems.
Analysts believe that 2018 of the summer may bring power supplies and power outages, especially in southern Australia.
However, a powerful storage facility can help ease these energy shortages.
In other words, if there are some huge batteries in Australia, the country can store excess power when production is allowed, and use the stored power when there is a shortage of natural gas.
Batteries also allow alternative methods for energy production.
Renewable energy like solar or wind is great, but if it's night or the wind doesn't blow, you're usually unlucky.
The storage solution allows you to pack the energy generated for later use, even if the sun does not come out or the air is calm.
That's why Elon Musk, the company known for its electric vehicles, Tesla, appeared.
Linden River, vice president of Tesla's energy products division, said the company will be able to provide batteries capable of storing between 100 and 300 MW.
Power supply time within 100 days after signing the contract.
This is a big request.
The batteries discussed are huge, industrialized
Power monster. Mike Cannon-
Australian billionaire Brookes asked Musk if he really thought he could support Ryver's promise and provide so much energy storage at such a fast pace.
Musk's response?
Two people follow up on costs.
Musk revealed that Tesla will charge $250 per kilowatt
This means that a 100 MW battery storage device will be put into use for $25 million.
This does not necessarily include costs such as transportation and labor.
However, this is a big deal.
According to drive, the previous large
The size of the 50 million megawatt-hour storage capacity installation is close to $100.
If the agreement is passed, Tesla will have the opportunity to demonstrate the power of its gigabit plant.
This is a huge battery manufacturing facility built by the company in Nevada.
Imagine it as the Death Star II of battery storage manufacturing, and it will be an awesome sight once it's fully operational.
Tesla has a history of installing large projects.
At the end of 2015, Tesla began building an 80 MW battery storage plant near Los Angeles.
The company completed construction in three months.
You can see in this Tesla promo: if the Australian government signs a contract with Tesla, the company has the opportunity to impress the world.
If Tesla fails, Australia will get a shiny new battery storage facility for free.
Which side will you bet on?