Tesla’s Australian Battery Fix Comes at ‘Big Price,’ Analyst Says
- Batteries seen costing over 60% more than gas peaking plants
- Diesel, gas-fired generation required to bridge supply: BNEF
This article is for subscribers only.
Start your day with what’s moving markets in Asia. Sign up here to receive our newsletter.
Billionaire Elon Musk’s plan to install a giant battery to help fix a power crisis in South Australia will come at a “big price” with installation costing 60 percent more than alternative open cycle gas plants, according to Wood Mackenzie Ltd.