Elon Musk has just made an expensive bet: he will build the world's largest lithium battery in just 100 days or else he will pay for the whole project.
Musk's electric vehicle company Tesla announced on Friday that it won a bid to build a battery in Australia's southern Australian state, which includes neen, a French renewable energy supplier, and the South Australian government.
The idea began with Musk saying Tesla could provide a running battery.
Power System to country and thathe will start 100
The countdown to the day after the official agreement was signed.
On September, a storm caused a power outage across Australia, causing serious damage to South Australian infrastructure.
7 million citizens without electricity.
Earlier this year, Australia was hot in the summer with further power outages.
According to Business Insider, Tesla's 100 MW/129MWh battery will work with xinen's Hornsdale wind farm in the north of South Australia to put Australia at the center of global energy storage technology.
Musk, who was announced in South Australia, 100-
The official contract will include the day rules because "this is what we have said publicly to do.
He added that the total cost of the project will be at the discretion of the country.
Musk said on Twitter Friday that the project is opening up new areas for renewable energy, and that the battery will be three times as powerful as its closest competitor.
Tesla said in a statement on its website that the project should be completed by December and will be able to power more than 30,000 homes.
In the announcement, Musk said the battery can last for 15 years, depending on the level of energy that marks the end of battery life.
The system's electronic devices can be used for 20 to 30 years, he said.
Tesla said that the battery will continue to operate and will provide stable services for renewable energy. if the energy shortage is predicted, emergency backup power can be provided.
Tesla will also release its Model 3 car on Friday, the company's first affordable pure electric vehicleelectric car.