Economics
Tesla Tapped by Australia Anew in Virtual Power Plant Plan
- Project pairs solar panels with batteries in South Australia
- Cites analysis showing plant will reduce energy bills by 30%
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South Australia plans to roll out solar panels and Tesla Inc. batteries to at least 50,000 homes to form what its government says will be the world’s largest virtual power plant.
Beginning with a trial of 1,100 public housing properties, 5 kilowatt solar panels and 13.5 kilowatt-hour Tesla Powerwall 2 batteries will be installed free of charge and financed through electricity sales, the state government said Sunday ahead of a state election next month.