by Staff Writers
Sydney (AFP) Nov 23, 2017
Entrepreneur Elon Musk has won a US$50 million bet by beating a 100-day deadline for building a giant battery to help South Australia avoid energy blackouts, officials said.
State Premier Jay Weatherill said testing of the massive lithium ion battery would begin within days, ahead of the December 1 deadline Musk set for himself when he signed off on the project earlier this year.
Musk had pledged to build the battery in the South Australian outback for free if it was not completed within the 100 days. He estimated that would cost at least US$50 million -- local authorities will now pick up the tab.
The entrepreneur behind electric carmaker Tesla made the pledge in response to power woes in South Australia, which was last year hit by a state-wide blackout after severe winds from an "unprecedented" storm tore transmission towers from the ground.
"South Australia is set to have back-up power in place this summer through the world's largest lithium ion battery, which is set to be energised for the first time in the coming days as it enters a phase of regulatory testing," Weatherill said in a statement late Thursday.
Musk's Tesla Powerpack is connected to a wind farm operated by French energy firm Neoen and is expected to hold enough power for thousands of homes during periods of excess demand that could result in blackouts.
South Africa-born Musk was a founder of payments company PayPal, electric carmaker Tesla Motors and SpaceX, maker and launcher of rockets and spacecraft.
He is also chairman of SolarCity, a solar panel installer recently bought by Tesla.
He has envisaged Tesla as a company that can help reduce emissions by not only selling people electric cars, but also generating and storing the solar energy that powers them.
Australia is one of the world's worst per capita greenhouse gas polluters, due to its heavy use of coal-fired power.
Julich, Germany (SPX) Nov 23, 2017
Iron-air batteries promise a considerably higher energy density than present-day lithium-ion batteries. In addition, their main constituent - iron - is an abundant and therefore cheap material. Scientists from Forschungszentrum Julich are among the driving forces in the renewed research into this concept, which was discovered in the 1970s. Together with American Oak Ridge National Laborato ... read more
Powering The World in the 21st Century at Energy-Daily.com
|The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement|