Friday, June 21, 2024
Good News in the WorldAustraliaTesla’s mega battery saves Australia $40 Million in its first year

Tesla’s mega battery saves Australia $40 Million in its first year

Australia is celebrating the success of the world’s largest lithium-ion battery, the Hornsdale Power Reserve, installed in South Australia.

Built by Tesla in just 54 days, this 100-megawatt battery has saved over $40 million AUD in annual maintenance costs.

Designed to combat power outages, the battery has reduced these costs by 75% compared to previous years. Impressively, the battery cost only $66 million to build.

Elon Musk made a bold bet to finish the project in 100 days or give it for free, which he won.

This eco-friendly solution not only …

Source video: TomoNews US on YouTube

Source image: Blomst / Pixabay

Source: goodnewsnetwork.org

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