Elon Musk’s giant lithium-ion battery is now live in Australia. Completed weeks ahead of schedule, Tesla has won a massive money-back bet with the Australian government.
The 129-megawatt-hour battery—the largest in the world—will store and dispatch energy generated by a nearby wind farm. This should provide a reliable electricity supply for 3,000 homes, according to the Wall Street Journal.
Elon Musk tweeted that he would complete the giant battery within 100 days of signing the contract, repeating the claims made by Tesla vice-president, Lyndon Rive, at the launch of the Powerwall 2 battery. If the company failed, Musk promised to give Australia the battery for free. Part of a $390 million government energy plan, this could have proved an expensive gamble for the entrepreneur, Reuters reports.
Today’s big switch-on marks only 63 days since the September 29 signing, slashing the 100-day window by over one third. The mammoth powerbank was completed just last week.
“Congratulations to the Tesla crew…
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