Tesla’s big battery utility framework at the Hornsdale Power Reserve in South Australia has yielded more than doubled the savings to consumers in 2019 than the previous year. Hornsdale Power Reserve saved customers over AUD115 million ($75.78 million) in 2019, from AUD40 million ($26.14 million) in 2018.
The Hornsdale Power Reserve is owned & operated by Neoen, a French provider of renewable energies. It is home to the largest lithium ion battery storage system in the world with a 100 MW/129 MWh capacity.
Tesla battery has demonstrated how lithium-ion battery power reserves can play a big role in the security of the overall grid. Tesla’s big battery has shown how battery storage is a practical option on a grid system. The Australian Government just injected AUD4 million ($2.61 million) into the multi million project.