Breaking News
The Untold Truth About The Battle Of Lexington
Federal Reserve Balance Sheet
Holter: Gold & Silver "Will Survive The Whole System Burning Down"
Top Tech News
Would you take a DRONE taxi?
Floating cities once seemed like sci-fi. Now the UN is getting on board
IKEA Has Developed a Curtain That Reduces Indoor Air Pollution
Ocean Energy - Wave Power Station
Tesla PickUp Truck 2019 - 10 Mind-Blowing Facts You May Not Know - Tesla News Update
Elon Musk's Surprising Opinion On Electric Planes
SpaceX vs. NASA: Who Will Get to Mars First? | Elon Musk | America Uncovered
'Impossible' meatless patty gets Burger King Whopper test
Tesla Electric Pickup Truck Ram Look-Alike Render Surfaces On Video
Bioscarf: The Prepper's "Gray Man" N-95 Mask You Can Take Anywhere
Tesla's Record-Breaking Mega Battery, Installed on a Bet, Saves Australia $40 ...
It has been one year since the world's largest lithium ion battery was switched on in South Australia to combat costly statewide power outages – and this new report shows that it has performed astonishingly well.
The 100-megawatt Hornsdale Power Reserve, which was designed by Tesla, has saved over $40 million AUD in annual maintenance costs to the electrical grid, also known as frequency controlled ancillary services (FCAS).
The report, which was conducted by consultancy firm Aurecon and commissioned by Neoen, the energy company that manages the massive battery, goes on to say that this is a 75% reduction in annual maintenance costs compared to 2016 and 2017.
The data is especially impressive since the battery itself only cost about $66 million.
The battery was built in just 54 days after Tesla CEO Elon Musk made a bet with state legislators, saying that if he was unable to finish the battery in 100 days, he would give it to them for free.