When it goes live in three months, Hyundai's 150-megawatt system will overtake Tesla's 100-megawatt facility in South Australia as the world's largest industrial energy storage system, Independent.ie reported. Sorry, Elon Musk.
With the 1.2-megawatt storage system known as "Batwind" in operation, it will be possible for the first time to store energy produced from an offshore wind farm, developers Masdar and Equinor touted in a press release Wednesday.
The $800 million (US $634 million) project—struck in February by Tesla CEO Elon Musk and former South Australian Premier Jay Weatherill—involves installing solar panels and batteries on 50,000 homes to function as an interconnected power plant.
London-based Pivot Power unveiled plans to build the world's first national network of grid-scale batteries and rapid-charge stations across the UK to accelerate electric vehicle (EV) adoption and to usher in low-carbon transport.
The ambitious £1.6 billion ($2.1 billion) initiative consists of 50-megawatt batteries constructed at 45 sites around the country and located near towns and major roads. The hubs will be installed at electricity sub-stations to help National Grid manage supply and demand.
The venture, called Nissan Energy Solar, allows homeowners to generate, store and charge EVs with their own renewable energy, which can reduce household energy bills by an estimated 66 percent, the company touts.
Since switching on in December, Tesla's massive battery in South Australia has already drastically lowered prices in the region's frequency and ancillary services market (FCAS) and has taken a major share of that market, Renew Economy reported.
During Australian Energy Week, McKinsey and Co. partner Godart van Gendt boasted about the stunning efficiency of the 100-megawatt Powerpack system, which is connected to Neoen's Hornsdale wind farm.