British billionaire Sanjeev Gupta has revealed plans to build the world’s biggest lithium ion battery in South Australia.
According to Weatherill, more renewable energy means cheaper power, and that is why, they’ve decided to increase their renewable energy target to 75 per cent and also introduced a new renewable storage target of 25 per cent. These targets will accelerate the transition from fossil fuels to renewables and lower bills for South Australians.
Since its completion in December 2017, Tesla’s South Australia battery has surpassed expectations, regularly supplementing the state’s power grid to prevent widespread blackouts.
The planned 120 megawatts (MW)/140 megawatt hours (MWh) storage capacity of Gupta’s Liberty House is larger than that of the current record holder, built by Elon Musk’s Tesla in South Australia in 2017, which has a cap of 100MW/129MWh.
The battery will power solar farm to be built at the site of a former steelworks near Adelaide which Gupta’s Liberty House bought in 2017.