Just in case you missed it, here’s a little recap: an official announced on Friday that the largest lithium-ion battery in the world has officially been plugged into an Australian state grid. This is significant news as it delivers on Tesla (NASDAQ:TSLA) CEO Elon Musk’s 100-day guarantee.
For those who don’t know, Elon Musk promised to develop the lithium-ion battery (it’s a 100-megawatt battery) within 100 days of the contracts first being signed, which occurred at the end of September. If Tesla were to fail, Musk said the auto manufacturing company would hand the battery over to the South Australian state government at no cost.
Jay Weatherill, South Australia Premier, disclosed yesterday that Tesla’s lithium-ion battery has commenced dispatching power into a state grid on Thursday afternoon.
“South Australia is now leading the world in dispatchable renewable energy, delivered to homes and businesses 24/7.”
Even though the launch came a little over 60 days since the deal was first signed, people are more excited about the fact that the official launch came on the first day of Australian summer as power usage tends to increase during these months.
According to the Palo Alto, California-based company, the lithium-ion battery can power up to 30,000 homes for roughly one hour in the event of a blackout. However, it is much more likely that the battery will be used to increase supply during peak periods.
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