The best of EcoWatch, right in your inbox. Sign up for our email newsletter!
Tesla's Giant Australian Battery Saved Consumers $35 Million in Four Months
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.
"In the first four months of operations of the Hornsdale Power Reserve, the frequency ancillary services prices went down by 90 percent, so that's 9-0 per cent," van Gendt said Thursday, as quoted by Renew Economy.
"And the 100 megawatt battery has achieved over 55 percent of the FCAS revenues in South Australia. So it's 2 percent of the capacity in South Australia achieving 55 percent of the revenues in South Australia."
The Australian Energy Market Operator calls upon the FCAS to provide back-up energy whenever generators fail or fall short. This service has typically relied upon costly gas generators and steam turbines, with electricity rates up to $14,000 per megawatt during these outages.
But Tesla's big battery, which was designed to feed South Australia's unstable power grid, has changed the game. Whenever it has needed to discharge its power to the grid, costs have hovered as low as $270 per megawatt, as The Guardian noted.
As Renew Economy noted, "various estimates have put the cost savings to consumers from the FCAS market alone at around $35 million, just in the first four months of its operation."
What's more, the Powerpack system has responded much quicker to power outages (within milliseconds), with the benefit of no greenhouse gas emissions.
- Tesla Seeks Upgrade to Grid to Recognize World's Biggest Battery ... ›
- Tesla actually built the world's biggest battery. Here's how it works ... ›
- Looking Inside Tesla Battery Cells (Video) | CleanTechnica ›
- Tesla's Australian Battery Shows it Can Also Make Huge Profits ›
EcoWatch Daily Newsletter
That salmon sitting in your neighborhood grocery store's fish counter won't look the same to you after watching Artifishal, a new film from Patagonia.
Get ready to toast bees, butterflies and hummingbirds. National Pollinator Week is June 17-23 and it's a perfect time to celebrate the birds, bugs and lizards that are so essential to the crops we grow, the flowers we smell, and the plants that produce the air we breathe.
The U.S Forest Service unveiled a new plan to skirt a major environmental law that requires extensive review for new logging, road building, and mining projects on its nearly 200 million acres of public land. The proposal set off alarm bells for environmental groups, according to Reuters.
By Teju Adisa-Farrar & Raul Garcia
In the summer of 1969 a banner hung over a set of condemned homes in what was then the predominantly black and brown Brookland neighborhood in Washington, DC. It read, "White man's roads through black men's homes."
Earlier in the year, the District attempted to condemn the houses to make space for a proposed freeway. The plans proposed a 10-lane freeway, a behemoth of a project that would divide the nation's capital end-to-end and sever iconic Black neighborhoods like Shaw and the U Street Corridor from the rest of the city.