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

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.

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

Photo credit: Tesla

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