Neoen Company sells electricity, earning a very high profit without spending any money to produce electricity.
On the first day of December last year, Tesla’s 100 MW battery system located in Southern Australia was officially switched on. That work is also the result of a bet between Elon Musk and the people of Australia.
And not only is it flashy and beautiful, this Tesla battery system does a great job: it fixed an entire Australian state blackout in just… 140 milliseconds.
By the end of January 2018, the power plant had begun to prove that it could still bring in more financial returns for Tesla.
According to a report from Renew Economy, Tesla’s Australian battery system brought in its owner, Neoen, about 0,000 in just a few days of operation.
Currently, the battery system’s 70 MW/39MWh capacity to store electricity belongs to the Australian government – they will use it as needed. The remaining 30 MW/90MWh part will be fully owned by Neoen – they can sell it to anyone who needs it.
Based on the numbers given by Renew Economy, Neoen can sell electricity for 14,000 AUD (,273) per MWh starting January 18 and 19. Obviously they can sell electricity without paying any fees to produce electricity.
Over the past few years, Southern Australia has been facing a rather severe power shortage.
There are old coal-fired power plants there, the local average temperature is high combined with the fact that renewable energy sources such as sunlight and wind are not really efficient – All this makes electricity here. scarce and expensive. Power outages happen quite often.
The aforementioned battery system solves this dilemma, while at the same time proving that it is an efficient, reliable and even profitable system. A perfect solution for the troubled South Australia region.
Neoen and Tesla have been collaborating on a new electric project, a 20MW battery system located in the Australian state of Victoria. Neoen is also planning to build an even larger battery in Queensland as Tesla has yet to respond to this project invitation.
Let’s look at the good side of the problem, a problem that’s inherently and so far has not had a bad side: if all three of these battery systems work smoothly, this will be the template for every other locality, every other country. Follow.
This will be a stepping stone to allow the price of renewable energy to fall even further in the future.
This will be the new energy source of mankind.