Report: Tesla’s giant battery saved $40 million during its first year

Neoen, the owner of the giant Tesla battery system in South Australia, released a new report for the first full year of operation and revealed that the energy storage system saved about $40 million over the last 12 months.

Tesla’s 100MW/129MWh Powerpack project in South Australia provide the same grid services as peaker plants, but cheaper, quicker, and with zero-emissions, through its battery system.

It is so efficient that it reportedly should have made around $1 million in just a few days in January, but Tesla later complained that they are not being paid correctly because the system doesn’t account for how fast Tesla’s Powerpacks start discharging their power into the grid.


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