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Tesla's Australian battery storage installation is already saving millions

Some insight from down under tells us just how much battery storage is going to change the shape of our energy supply.

Tesla installed an enormous 129MWh battery storage system which is charged with surplus energy produced by wind and solar and releases it into the grid when demand dictates. What this means is that gas fired peak demand power plants which are used intermittently and which make massive profits for their owners are increasingly redundant.

This investment has already repaid a third of its capital costs in the first year which refutes claims from the conventional generation interests that grid scale battery storage is not viable.

The story is reported on cleantechnica here.

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