2030 Finance | March 20, 2017

The future of large-scale battery storage deployments may have arrived

The team at


Climate Finance

When Elon Musk promised to deliver 100-megawatts of battery power-storage in 100 days to South Australia — via Twitter — he disclosed for the first time Tesla’s pricing for its battery packs: $250 per kilowatt hour when deployed on a large scale (see, “Elon Musk may be on the hook for battery power in Australia”).

At that price, Bloomberg New Energy Finance calculated, the Australia project would cost $169 million, and be profitable for the Aussies. Ukraine now wants to become a test site as well.

At full capacity, Tesla’s battery “gigafactory” could produce enough battery pack capacity for 125 Australia-size projects a year.

“Tesla may now be uniquely positioned to deploy large battery projects on three months’ notice, as promised,” says Bloomberg.

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Photo credit: Tesla