Last week, Tesla announced the release of its largest battery product yet. With the ability to store up to 3 megawatt hours of energy, and with 60% more energy density, Megapack is the company’s latest solution for utility scale energy storage projects.
Although commonly known for their electric cars, Tesla is not new to the battery storage market.
In 2017, Tesla installed the world’s largest lithium-ion battery in Australia in order to improve local energy grids. In it’s first year alone, the system was able to reduce costs by almost $40 million.
Batteries are changing the future of the energy sector for a number of reasons.
- They allow renewable energy sources like wind and solar to be stored for later use
- Energy can be released during times of peak demand, decreasing the load for the utility provider
- Batteries decentralize where energy is stored. This reduces the amount of energy lost in transportation, therefore reducing overall costs
California based utility company PG&E (Pacific Gas and Electric) plans to utilize Tesla’s latest technology to meet increasing energy demands.
Currently, during times of peak energy demand, local utilities can’t produce enough power to keep up. As a result, natural gas “peaker” power plants must be turned on to produce additional electricity.
Once the new project is completed, the Megapack will instead use stored solar and wind energy to support this load, saving millions of dollars per day and reducing carbon emissions drastically.
Here at NRGTree, we are excited about the future of batteries and energy storage. If you are interested in learning how batteries and microgrid solutions could help transform your energy needs, visit us online or email firstname.lastname@example.org!
Author: Jill DiMeo, Jill is a Digital Operations and Marketing Intern for NRGTree.