Tag Archives: lithium-ion batteries

Tesla to pair world’s largest lithium ion battery with Neoen wind farm in SA

 

The South Australian Government has teamed up with Tesla to roll out the world's largest virtual...

The world’s largest lithium ion battery will be installed in South Australia under a historic agreement between French renewable energy company Neoen, US sustainable energy company Tesla and the South Australian Government.

The energy storage systems from Tesla will be paired with Neoen’s Hornsdale Wind Farm and installed before summer.

Confirming the commitment from Tesla CEO Elon Musk to deliver the battery within 100 days or it is free, it has been agreed between Tesla and the South Australian Government that the starting date for the 100 days will be once the grid interconnection agreement has been signed.

After leading the nation in renewable energy, the 100MW / 129MWh battery places South Australia at the forefront of global energy storage technology.

The battery will operate at all times providing stability services for renewable energy, and will be available to provide emergency back-up power if a shortfall in energy is predicted.

The deal will also bring other investments by both Neoen and Tesla into South Australia’s economy, with details to be announced in the future.

The selection of Neoen will also strengthen South Australia’s links with France’s high-tech sector and reinforce the State’s world-leading role in tackling global warming.

 

Wind power with battery storage has been recommended through the Finkel Review as well as AEMO’s recent reports to provide energy system security services – this plan delivers on these objectives.

Neoen was selected on a merit basis after a multi-stage procurement process attracted around 90 responses to the Expression of Interest, with 14 proponents invited to supply, and 5 shortlisted for detailed assessment.

The consortium demonstrated it is capable of delivering 100MW of capacity by December 1 and provided a highly competitive commercial offer with the best value for money.

Neoen and Tesla have a track record in comparable scale projects, and are committed to deliver on time at the lowest cost with a suite of value-adding initiatives.

In March, the State Government announced a plan for South Australia to take charge of its energy future, ensuring our State would become more self-reliant.

Find out more about this project at hornsdalepowerreserve.com.au

Tesla Makes Reno a Critical Stop on Way to Las Vegas and CES

 Investors invited to exclusive tour of Elon Musk’s Gigafactory

  • Driving down battery costs is key as Model 3 production nears

As far as Tesla’s concerned, what’s happening in Las Vegas can stay in Las Vegas. The real action is some 400 dusty miles northwest, across the state in Reno.

The electric-car maker is seizing on next week’s consumer electronics show to host investors and analysts at Gigafactory 1, the sprawling Nevada plant where it makes batteries and energy storage packs. Tesla Motors Inc.’sinvitation-only “investor event” will take place Jan. 4, as the tech and automotive industries swarm into Las Vegas for CES 2017. Though self-driving technology will be in the spotlight this year at CES, Tesla typically skips large industry trade shows, preferring to announce products separate from the pack.

Tesla Gigafactory 1

Source: Tesla Motors

“We are excited to see the scope and scale, not just of the facility itself, but in the levels of automation and potential advancements in manufacturing,” said Joe Dennison, associate portfolio manager of Zevenbergen Capital Investments in Seattle. Dennison said he’s eager to learn more about Tesla Energy products and hear any updates on timing or battery-cost reductions ahead of the Model 3 introduction.

While visitors have to pay their own air fare and hotel costs, they’ll get some time with Chief Executive Officer Elon Musk and Chief Technology Officer JB Straubel, according to guests who have received invitations. Tesla may need the good graces of Wall Street and investors this year as it spends heavily to expand production to 500,000 vehicles annually by 2018, some 10 times the number of vehicles delivered in 2015.

Battery Demand

The $5 billion Gigafactory 1 plant was born out of Tesla’s massive need for lithium-ion batteries both for its vehicles — including the Model 3 due in late 2017 — as well as energy storage-devices such as the Powerwall. Tesla, in partnership with Panasonic Corp., is working to collapse its battery supply chain and drive down costs. In its third quarter letter to shareholders, Tesla said “the Gigafactory remains on track to begin cell production later this year.”

A vehicle charger, right, in the lobby of the Gigafactory 1.

Photographer: David Paul Morris/Bloomberg

Reno has clawed its way back from the recession, embracing tech and the arts alike as the city sheds its image as a second-tier destination for gamblers and visitors to Lake Tahoe. The hope is that Tesla’s gigafactory will attract other manufacturers and help to transform the region.

Musk has said that he expects the fourth quarter to be profitable. It will be the first earnings period that includes SolarCity Corp., the solar-panel installer it bought for $2 billion.

Machinery inside Gigafactory 1

Photographer: Troy Harvey/Bloomberg

Tesla boosted a credit linewith Deutsche Bank AG by $200 million, according to a regulatory filing last week. The company has the potential to add another $50 million to that agreement and increased a separate credit facility by another $300 million. Musk surprised investors in October by saying Tesla didn’t need to raise equity or borrow money this quarter, when some analysts were projecting it might soon need $2.5 billion to cover the company’s ambitious growth plans.

CES is heavy on autonomy this year and includes an opening keynote from Jen-Hsun Huang, the CEO of Tesla supplier Nvidia Corp. Tesla’s forthcoming Model 3 sedan will be equipped with hardware to enable full self-driving, and Musk hopes to showcase an autonomous cross country drive from Los Angeles to New York by the end of 2017.

Source: Dana Hull. Bloomberg Business