Elon Musk's huge battery system in Australia earned nearly $ 1 million in just a few days

Neoen company sells electricity, earns very high profits without spending any electricity production.

On the first day of December last year, Tesla's 100 MW battery system located in southern Australia was officially switched on. The work is also the result of a bet between Elon Musk and Australians.

And not only is it flashy and beautiful, this Tesla battery system is also extremely work: it fixes a power outage of an Australian state in just . 140 milliseconds.

By the end of January 2018, this power plant had begun to prove that it was possible to bring more financial profits to Tesla.

According to a report from Renew Economy, Tesla's Australian battery system brought about $ 800,000 to its owner, the Neoen company within a few days of operation.

Currently, the battery storage capacity of 70 MW / 39MWh of the battery system belongs to the Australian government - they will use it when needed. The remaining 30 MW / 90MWh will belong to Neoen's full use - they can sell it to anyone in need.

Based on figures given by Renew Economy, Neoen can sell electricity at a price of 14,000 AUD (11,273 USD) with each MWh starting from January 18 and 19 last. Obviously they can sell electricity without paying any fees to produce electricity.

In the last few years, South Australia still faces serious electricity shortages.

There are old coal-fired power plants, the high local average temperature combined with renewable energy sources such as sunlight and wind are not really effective - it all makes electricity here. scarcity is still expensive. Power outages happen quite often.

The battery system solved this problem, at the same time, it proved that it is an effective, reliable and even profitable system. A perfect solution for the South Australian region is in trouble.

Neoen and Tesla are already collaborating on a new power project, a 20MW battery system located in Victoria state of Australia. Neoen is also planning to build a larger battery pack in Queensland like Tesla, which has yet to respond to the invitation.

Look at the good side of the problem, a capital problem and so far there is no bad side: if all three battery systems work smoothly, this will be a template for every locality, every other country. Follow.

This will be a stepping stone to allow prices to fall further in the future.

This will be a new source of energy for mankind.