Tesla to install second giant battery in Australia’s power grid

CANBERRA: France’s Neoen SA will partner with Tesla Inc to install one of the world’s biggest lithium-ion batteries in Australia after reaching a grid connection deal with the power market operator.

The 300-megawatt Victorian Big Battery will be located in the southeastern city of Geelong and use Tesla’s Megapack technology. It will be double the size of Neoen’s Hornsdale site in South Australia, which was the largest facility when it began operation in 2017.

“Installing the new system in Australia’s second-most populous state will help to modernise and stabilise the local grid, which is targeting 50% of its power to come from renewable sources by 2030,” Neoen said in a media release.

The Paris-based company is targeting the battery to be operational by the end of 2021.

Battery storage technology is being deployed on an ever-growing scale to meet demand to…