Clock Is Ticking On Landmark Tesla Inc (TSLA) Australia Battery Deal

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'World's biggest' 129MWh Tesla battery approved for SA wind farm

Elon Musk has arrived in Adelaide to announce that his company, Tesla, will build the world's largest lithium ion battery for South Australia.

Tesla Powerpack will charge using renewable energy from the Hornsdale Wind Farm and then deliver electricity during peak hours to help maintain the reliable operation of South Australia's electrical infrastructure.

After a connectivity agreement is reached between Tesla, South Australia, Neoen and the Australian Energy Market Operator within the next few weeks, the 100-day deadline will begin, Reuters reports.

Musk said at a press conference this week the 100MW project was more than a small jump on current systems.

In September 2016 South Australia suffered from an nearly entire state wide blackout due to severe storms damaging power transmission lines across the state.

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Wind power with battery storage has been recommended through the Finkel Review as well as AEMO's recent reports to provide energy system security services - this plan delivers on these objectives. The state has also been plagued by further blackouts from the heat of the Australian summer in early 2017.

Tesla will provide a 100 MW/129 MWh Powerpack system that will be paired with renewable energy provider Neoen's Hornsdale Wind Farm near Jamestown, South Australia.

The 129MWh battery, which is paired with a wind farm, is created to improve the security of electricity supplies across South Australia.

Musk also confirmed a much-publicised promise to build it within 100 days or do it for free.

The company has previously rolled out a 20-megawatt energy storage facility in California.

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According to the BBC, Australia accepted Musk's offer and now the world's largest lithium-ion battery will be manufactured and installed in South Australia.

Completion is expected before the end of the year, with Musk saying he hoped the Tesla Powerpack would make a "significant statement for the viability of renewable energy to the world".

Speaking in South Australia, Musk told reporters the system will be three times more powerful than other large scale batteries.

It isn't only in Australia where Tesla is working with utilities on energy storage.

Tesla expects the system to come online in December.

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