Operators of South Australia’s giant battery are keen to expand the technology across the nation after a report found the battery has exceeded all expectations.
South Australians are already reaping the benefits of the state’s giant battery, with a new report suggesting it has saved the electricity grid nearly $40 million in its first year.
A report by engineering company Aurecon found the world’s largest lithium-ion battery built by tech billionaire Elon Musk in SA’s mid-north has exceeded all expectations since operation began a year ago.
The report, published on Wednesday, found the savings to the electricity grid have flowed directly through to South Australian consumers and is reflected in their energy bills.
Owner and operator Neoen says the Jamestown battery has proven its point by providing security and stability across the energy network.
“We are ready to answer the call and do more not only in South Australia but in other states,” chief executive Xavier Barbaro said at the one-year anniversary celebration of the battery in Sydney on Wednesday.
Neoen head of development Garth Heron said the technology is “hugely scalable” and is ready to expand across the nation.