Tesla's Battery Has Already Saved South Australia a Huge Amount of Money

Tesla’s South Australian battery project, described as the world’s largest lithium-ion storage system when it was completed, has managed to save the state a large sum of money. The Hornsdale project, completed last November in 54 days, has reduced costs associated with stabilizing the energy grid by nearly AU$40 million ($28.9 million).

It’s a big win for the 100-megawatt project, which has quickly proven its worth in its first year of operations. French energy firm Neoen, which...

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