Elon Musk wins $50m bet with giant battery for South Australia

Elon Musk

Elon Musk has managed to win a $50m wager by constructing the world’s largest ever lithium-ion battery.

The billionaire chairman and chief government of Tesla has delivered a renewable power challenge for South Australia, constructing the world’s largest ever lithium-ion battery.

Mr Musk and Lyndon Rive, the top of Tesla’s battery division, proposed constructing an power storage facility within the state following extreme blackouts after a storm in March 2016.

On the time Musk made a wager, saying Tesla would get the battery put in and dealing inside 100 days of the contract being signed or the $50m (£37m) system could be free.

This deadline was as a result of expire on 1 December, forward of which state Premier Jay Weatherill has introduced that the challenge had been accomplished.

The battery will retailer power from a close-by wind farm run by the French renewable power firm Neoen.

“South Australia is ready to have back-up energy in place this summer season by means of the world’s largest lithium ion battery, which is ready to be energised for the primary time within the coming days because it enters a section of regulatory testing,” Mr Weatherill stated.

Musk tweeted: “Congratulations to the Tesla crew and South Australian authorities who labored so onerous to get this manufactured and put in in document time!”

As a maker of electrical vehicles, Tesla has additionally invested closely in power storage and photo voltaic panel know-how – and it believes its know-how may develop far past automobiles and provide energy to the grid.

Tesla house battery.
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Tesla has invested in growing battery know-how

The deal has seen Tesla manufacture a 129MWh battery in Jamestown, a city with a inhabitants of lower than 1,500 folks, simply over 120 miles north of Adelaide.

“This isn’t a minor foray into the frontier,” stated Mr Musk on the time.

“I am fairly darn impressed with South Australia prepared to do a challenge of this magnitude that’s past the rest on this planet.

“That takes a whole lot of gumption,” he added. “I do see this as one thing that the world will have a look at for example.”

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