Tesla signs deal with Australia to turn 50,000 homes into power generators at no cost to residents

Tesla has struck a deal with the state government of South Australia to install 50,000 solar-power systems on homes, at no cost to residents.

This will the world’s largest virtual power plant, slashing household power bills in the process.

South Australia is already home to world’s biggest battery in an Elon Musk-driven project to provide electricity for more than 30,000 homes.

The cost of the project will be financed through the sale of electricity, generated by the panels, in what Mr Weatherill said would be the largest project of its kind.

“My government has already delivered the world’s biggest battery, now we will deliver the world’s largest virtual power plant,” state Premier Jay Weatherill said in a statement.

“We will use people’s homes as a way to generate energy for the South Australian grid, with participating households benefitting with significant savings in their energy bills.”

The project will start with a trial phase and 1,100 houses will get 5KW Telsa Batteries. Following the trail, the system will reach further 24,00 households.

“The biggest saving for consumers is that they don’t have to pay for as much network cost to deliver power to them because they’re generating their own power,” Frontier Economics managing director Danny Price said.

Tesla Said the virtual power plant would have 250 megawatts of solar energy and 650-megawatt hours of battery storage.

“At key moments, the virtual power plant could provide as much capacity as a large gas turbine or coal power plant,” the company added.

 

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