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Tesla bags mega deal to build giant battery within 100 days in Australia

Failure to meet the deadline will cost the firm $50 million or more

Reuters  |  Sydney 

Tesla Inc has won an Australian contract to install the world's biggest grid-scale battery, in what experts say will be a litmus test for the reliability of large-scale renewable energy. Tesla's CEO Elon Musk, known for his bold approach to cars, clean energy and space exploration, trumped dozens of competing for proposals to build the gigantic lithium-ion battery that will serve as emergency back-up power for South Australia - a state racked by outages. But under the agreement, Tesla must deliver the 100-MW battery within 100 days of the contract being signed or it ...

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First Published: Fri, July 07 2017. 16:27 IST
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