Giant Tesla Battery In Australia Earns A Million Bucks In a Few Days (electrek.co)
Long-time Slashdot reader drinkypoo writes: Last week, Neoen's and Tesla's massive battery was paid up to $1000/MWh to charge itself and now it could have earned up to 1 million AUD in the last few days by selling the power back to the grid to cover a coal plant outage. Unlike other forms of power storage, battery systems can be switched between states (charging, discharging, or idle) effectively instantly, which permits a stabilizing effect on the grid.
"What we are seeing here," writes Fred Lambert at Electrek.co, "is the Powerpack system enabling Neoen to sell electricity at up to $14,000 AUD per MWh and charging itself at almost no cost during overproduction."
"What we are seeing here," writes Fred Lambert at Electrek.co, "is the Powerpack system enabling Neoen to sell electricity at up to $14,000 AUD per MWh and charging itself at almost no cost during overproduction."
Cutting back on pointless cryptocurrency mining during a power shortage would also reduce the load on power grids during shortages.
I wonder how many cycles it can handle before replacement? Would like to see upkeep cost over time on an industrial scale. Sill good news for those of us hoping to use home battery technology at some point in the next five years.
The real question is: What was the capital investment required to build it and how much time is needed to break even in normal circumstances? From what I understand these are extraordinarily conditions.
Ahhh...the great dumpster continuum. Many a free computer will be found there. -- sowth (748135)
I would love to understand how they optimize operation; I get the sub-transient and short-time operation logic, and at least at a high level predicting real-time price swings-- but as a whole I can't quite wrap my head around how they control it.
Do they control it based just on what they are paid to do at a given point in time, or does it simply act as a "good citizen" of the grid? Does it work on 24-hour look-ahead (or longer), or is it more responsive real-time? What is the minimum charge level they target?
It will be interesting to see how these large batteries work when there are multiple units controlled independently.
Hydro costs like 5, coal may be 12.
It makes every aspect of energy production and transmission more efficient if you can store it like this. This will become a worldwide standard within 10-20 years, there's no point in building generating capacity if some storage capacity is all that's really required.
That is very high cost of peak power. A lot to pay for instantaneous backup.
Normal wholesale prices are $20 per MWh in the US. Even real time usually doesn't hit more than $150.
That's only, what, A HUNDRED TIMES what the power cost to produce?
And yet the article is written with such a "wow, isn't this great" tone.
You environmentalists have straight up lost yo damn minds.
The average price of electricity in Australia is AU$0.28/kWh, which is just $28 AUD per MWh. If they're really able to sell the electricity back at $14,000 AUD per MWh, then that points to serious, serious problems with the electrical infrastructure of the country. So serious that incidents like this are almost worthless as a data point for the viability and usefulness of such a system. Other solutions used in other countries are much more cost-effective.
Seriously, this is a complete non-story. For example, pumped-storage hydropower plants have been doing this for ages.
Most ACs are not even worth the keystrokes to insult them. Be generically insulted by this and ignored otherwise.
The peak electricity price at the German exchange was 135€/MWh. How do they come to 14,000 AU$?
The German network manages a large load of solar and wind power. Yet it is totally stable just due to backup power plants, which produce more electricity than is consumed.
In other news, idiotdot commenters each earn over $3000 a day working from home debating things that didn't really happen - all using this simple trick that Obama really hates!
If you don't think a Russian can get drunk enough to kill himself by falling all over the place, you've never gotten drunk with a Russian.
http://www.bbc.com/news/health...
Also, you messed up your link, comrade.
You are welcome on my lawn.
Really? Is someone really paying 14 bucks per KW-hr??? I get my electricity for cents per KW-hr, not dollars....
"I do not agree with what you say, but I will defend to the death your right to say it"
"If you don't think a Russian can get drunk enough to kill himself by falling all over the place, you've never gotten drunk with a Russian"
Boris Yeltsin got so drunk on a trip to Washington DC in '95, he tried to hail a cab to go get a pizza wearing nothing but his tighty-whities
http://www.dailymail.co.uk/new...
Pain is merely failure leaving the body
...is the real problem with this idiotic system.
And yet he survived, thus reinforcing the point that no Russian has gotten so drunk that they've died from repeatedly falling all over the place.
And yet he survived, thus reinforcing the point that no Russian has gotten so drunk that they've died from repeatedly falling all over the place.
At what school did you fail logic & reasoning?
Australia has been infested with hard left/green ideology in Victoria and South Australia.
They have been blowing up coal plants and putting in windmills leading australia to having close to the highest electricity prices in the world.
These fools in power then export vast quantities of coal to China, who are building 100 coal plants dwarfing anything Australia does.
46137
Yes, most spikes are much smaller. Moreover, the storage capacity of the batteries is relatively small.
My understanding is that the batteries are mainly for frequency stabilization, on quite small time scales.
I donâ(TM)t recall George Washington ever tweeting or bitching on Facebook about power outages. He just dealt with it. Gimme a break.
The battery is owned and operated by a French company called Neoen, which provide electricity and services to South Australian electricity grid.
70MW of the power and 39 MWh of the energy capacity is contractually allocated for grid stabilization: responding to transients. This is about 2/3 and 1/3, meaning that it must keep itself 1/3 charged and not be operating at more than 1/3 load unless "something is wrong".
Details at http://reneweconomy.com.au/wha...
The remaining 30 MW of the power and 70 MWh of the energy capacity are available for arbitrage: Neoen may buy and sell energy to make money. This also has a grid stabilization effect, smoothing out supply/demand imbalances, but operating slightly slower.
Remember the battery is located at a wind farm. It's not uncommon for power to be free: the wind is high and the grid load is low, and the windmills are in danger of spinning too fast.
South Australia's grid is not great, meaning that like any thinly traded commodity, electricity is prone to severe price spikes in the event of a shortage. The battery's rapid response means that it can beat any other source to market when prices spike and take advantage of "surge pricing".
I don't know the full details of the algorithms, but it's basically "buy low and sell high". The challenge is to predict pricing: is it worth buying energy now to sell later, or should I wait for lower prices? The risk of the latter is that if prices go up instead, I won't have energy to sell.
And I'm sure their algorithms take wear and tear on the batteries into account too, and how much that adds to the eventual replacement costs.
I've seen cases where someone died from drunk falling damage. Its usually head or neck only damage. The fact that his entire body showed blunt force trauma is extremely suspicious. I don't know why anyone would want to kill him but I would suspect foul play if anyone had a motive.
He was found in his hotel room, but many of the bruises could have happened as he stumbled home. Blackout drunks can do a lot of damage to themselves. It is not that uncommon for them to be found dead from self-inflicted injuries.
And if the Secret Society Illuminati DNC Clinton Reptilians wanted to kill him and not leave evidence of murder, do you really think that a Secret Society of DNC Clinton Reptilian Illuminati wouldn't have the means to do so? "Let's beat the guy to death, fill him up with alcohol to the point of ethanol-poisoning, not leave any forensic evidence, do it quietly enough that no one else hears it and then beat it out of there without being seen" does not sound like a plan an organization of super-villians would make. At least it wouldn't be my first choice.
You are welcome on my lawn.
The types of batteries used are consumption items, and you're yet to see the bill for when they need to be replaced.
In Arizona the have peak off peak battery inverter pay for themself in no time.
Dont even need panels but you are in Arizona why the hell not?