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Tesla to build large battery for Texas grid: Bloomberg News

Published 03/08/2021, 07:32 AM
Updated 03/08/2021, 08:00 AM
© Reuters. FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard at the E3 gaming convention in Los Angeles

(Reuters) - Billionaire entrepreneur Elon Musk will construct a large battery that will connect to the Texas grid, Bloomberg News reported on Monday.

Gambit Energy Storage LLC, which is registered as a Tesla (NASDAQ:TSLA) Inc unit, is building an over 100-megawatt energy storage project in Angleton, Texas, the report said. (https://bloom.bg/3c7kqCi)

The battery could power about 20,000 homes in peak summer, the report added.

Tesla could not be reached for a comment.

This comes days after a mid-February storm temporarily knocked out around half the state's generating plants, triggering outages that killed dozens and pushed power prices up to 10 times the normal rate.

In 2016, Tesla had won a contract to provide a 20-megawatt energy storage system at a substation owned by California utility Southern California Edison Co. (https://reut.rs/3breXqJ)

Latest comments

Build more coal plants.
The Ever-Greedy ??
tax payers money / credit again?
Useless. It will provide backup power for 1-2 hours. The solution is reliable baseload power for extreme weather. Thats nuclear or coal. Nothing else.
LOL. It's so obvious this article is all marketing and propaganda. The purposefully left that "small" detail out. I'm all for green energy, but batteries is one of the last solutions I would think of. Too much investment, doesnt generate any power and (although it's been making progress) holds very little charge for big scale.
That's a nice thought but if it's practical, why hasn't it been done before? Probably because it's more of a wishy dream than a reality.
I like elon but in tired of seeing my tax money filling the treasuries of ceos rather than my own.
Don't rely too heavily on this. The tesla batteries do ok in the heat, but have a great deal of trouble in the cold. This will help with summer shortages, but not Arctic winters.
Lol. Sure, theyll take the word of a chinese imposter with no scientific background calling himself teh olympian
lol... how do you know he or she is chinese?
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