bp teams up with tesla to venture into battery storage for windfarm - battery power storage

LONDON (Reuters)-
BP teamed up with Tesla to build its first battery storage project at a factory in the United States. S.
The energy group said on Tuesday that wind farms are part of a strategy to expand its renewable energy business.
Tesla will supply 212 KW (KW)
/In the second half of this year, BP's battery power at the Titan 1 wind farm in South Dakota was 840 KW.
It operates 12 other wind farms in the United States. Big-
Providing large-scale battery power to wind farms, allowing them to store energy when the wind is sufficient, and to provide power when demand is high, provides an important commercial advantage for previously unstable energy sources.
"The lessons learned from the project will enable BP to make better informed decisions when evaluating and developing battery applications in the future," BP said in a statement . ".
"The project also supports BP's broader strategy of investing half a billion dollars a year.
Carbon technology, including projects within its established renewable energy portfolio and new low
Carbon business.
"Some oil companies have invested in battery technology.
Statoil plans to use a battery system called Batwind, whose Hywind floating wind farm is located off the coast of Scotland. Vitol-
Having VPI Immingham has developed a 50 MW grid
Internet battery portfolio in the UK.
BP estimates that renewable energy will account for about 10% of global energy demand by 2035, up from the current 4%. (
Reports from Shadia Nasralla and Justin Varghese;
Editor Mark Heinrich)