Tesla's $169 mn battery play is just the beginning

Megawatts measure the amount of power a battery can provide at any given time

Tesla is ready to power some grids. And not just in California or Australia.

Last week, Elon Musk wagered he could address South Australia’s energy crisis with 100 megawatts (MW) of batteries installed in 100 days or less — “or it’s free.” The exchange blew up on Twitter and led to phone calls between Musk and leading Australian politicians, including Prime Minister Malcolm Turnbull(Ukraine Prime Minister Volodymyr Hroisman later chimed in that he’s interested, too.) 

An analysis by Bloomberg New Energy Finance finds that such a deal wouldn’t only alleviate South Australia’s blackouts, but would also be profitable — at an anticipated