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.

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