Published: Mon, February 05, 2018
Money | By Armando Alvarado

Tesla's bringing Powerwall batteries to 50000 homes in Australia

Tesla's bringing Powerwall batteries to 50000 homes in Australia

Tesla's Elon Musk, and SA Premier Jay Weatherill. "South Australia has the world's biggest battery and now it will have the world's biggest virtual power plant", he said.

The Tesla Powerwall can store power from solar panels, from the electricity grid at night when it is typically cheaper, and provide a secure backup in the case of a power outage.

Weatherill on Sunday cited analysis by Frontier Economics as showing the 250 megawatt plant is expected to lower energy bills for participating households by 30 per cent.

South Australia plans to roll out solar panels and Tesla Inc. batteries to at least 50,000 homes to form what its government says will be the world's largest virtual power plant.

A trial is already underway involving 1100 state housing properties provided with solar panel systems and a 13.5kWh Tesla Powerwall 2 battery, the government revealed today.

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The exemption limit on interest income on bank and post office deposits has been raised from Rs. 10,000 to Rs. 50,000 a year. Rs 2,000 crore will be provided for development of agri market and export of agriculture commodities will be liberalized.

The proposed network of solar-enabled homes will constitute the "world's biggest Virtual Power Plant", with energy companies covering the cost by selling off excess electricity generated by the homes. After the trial phase, mass installations for the remainder of the virtual power plant will begin, with the target date for the project's completion set for June 2022.

"We lead the world in renewable energy with the world's largest battery, the world's largest solar thermal plant and now the world's largest virtual power plant", he said in a televised interview from the state capital of Adelaide.

Supporters say the battery will help stabilise the grid after the state, which gets more than 40 percent of its electricity from wind energy, suffered a string of blackouts and soaring energy prices.

"My government has already delivered the world's biggest battery". Officials will provide both a $2 million Australian ($1.6 million US) grant as well as a $30 million Australian ($23.8 million US) loan from the state's Renewable Technology Funds.

The Minister for Social Housing, Zoe Bettison, said the decision to install the systems in Housing Trust homes would assist the most vulnerable.

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