Tesla’s giant battery reduces cost of power outages by 90 per cent in South Australia - lithium ion battery price

Tesla's huge battery in South Australia has led to a sharp drop in power costs in the region, which could save millions of dollars for local residents.
New data released by Australia's energy week show that new systems powered by wind turbines have reduced the price of expensive power outages by 90.
The battery was installed as a backup power supply at the end of 2017 and is now beyond expectations.
It is recorded to be much faster than an existing backup designed to provide emergency power, and has now taken up most of the market share.
When a power grid in Australia fails or needs maintenance, energy market operators must call for frequency control and ancillary services (FCAS) to intervene.
These services include expensive fossil fuels.
Standby system.
On the other hand, the foundation of the Tesla project is a huge lithium-ion battery that not only delivers the same service faster and cheaper, but also achieves zero emissions.
"In the first four months of operation at the holanddale power reserve (the official name of the Tesla big battery owned and operated by neen), McKinsey, a consulting firm, and Godart van Gendt, a partner of the company, said: "The price of ancillary services fell by 90. " At the Australian Energy Week meeting in Melbourne on Thursday, the clean energy news outlet News reported the news.
Mr. Van Gendt introduced new data on Tesla's battery performance, which also shows that the battery currently occupies 55 percentage points of the FCAS in the region.
South Australia is reported to be the only state in recent months where FCAS costs have fallen.
Some estimates suggest that the cost savings for consumers are as high as $35 (£ 19) due to this decline ).
5 m) the first four months of Tesla's battery operation.
Laura Olsen, regional manager of Tesla's energy business development, also spoke at the meeting and explained that while other FCAS systems rely on volatile fuel costs, the wind power the battery relies on is fixed at a cheap and stable price.
While local politicians in southern Australia have largely welcomed this huge battery as a key component of efforts to make the country more self-contained
With sufficient energy supply and reasonable prices, government executives have been pushing back.
Australian resource minister Matt Canavan even compared it to Kim Kardashian, saying "it is known for its fame.
It really doesn't do much.
However, the success of the project was recognized by the Australian Energy Market Operator, who noted that the project was able to respond faster to the external environment than traditional generators.
South Australia has been praised for its leading position in renewable energy, with state Labor politicians supporting large-scale development, including the world's largest solar thermal power plant.
Experts believe the Tesla battery is another gem on the state's green energy crown.
To some extent, the efficiency of the system is not a positive thing for Tesla. Tesla said that the speed of the battery has not been properly considered, resulting in the company defaulting on the payment.
Despite this, its success has attracted more interest from Tesla, solar-
Power version to be built in Victoria, Australia.
While Hornsdale Power Reserve battery currently has the world's largest battery, Tesla CEO Elon Musk recently hinted that a bigger project will be announced soon.