Thursday, February 8, 2018

Tesla’s big battery is undercutting Australia’s energy cartels

When Tesla installed the world's largest lithium-ion battery in South Australia last year, it came with the promise that it would revolutionize the way electricity is produced, stored and sold in a region known for blackouts and market monopolizing. Less than two months later, that promise has been delivered to the tune of a multimillion-dollar saving, as the Tesla big battery essentially noped an attempt by Australia's energy cartel to capitalize on power fluctuations and send the market into overdrive.

For the rest of the story visit :  https://www.engadget.com/2018/02/06/tesla-s-big-battery-is-undercutting-australia-s-energy-cartels/