Tesla Unveils New Large Powerpack Project For Grid Balancing In Europe (electrek.co)
Tesla has unveiled a new large Powerpack energy storage project to be used as a virtual power plant for grid balancing in Europe. It consists of 140 Powerpacks and several Tesla inverters for a total power output of 18.2 MW. Electrek reports: Tesla partnered with Restore, a demand response aggregator, to build the system and offer balancing services to European transmission system operators. Instead of using gas generators and steam turbines kicking to compensate for losses of power on the grid, Tesla's batteries are charged when there's excess power and then discharge when there's a need for more power.
Restore UK Vice President Louis Burford told The Energyst that they are bundling their assets like batteries as a "synthetic pool": "By creating synthetic pools or portfolios, you reduce the technical requirements on individual assets that otherwise would not be able to participate [in certain balancing services]. By doing so you create value where it does not ordinarily exist. That is only achievable through synthetic portfolios." For those interested, Tesla has released promo video on YouTube about the project.
Restore UK Vice President Louis Burford told The Energyst that they are bundling their assets like batteries as a "synthetic pool": "By creating synthetic pools or portfolios, you reduce the technical requirements on individual assets that otherwise would not be able to participate [in certain balancing services]. By doing so you create value where it does not ordinarily exist. That is only achievable through synthetic portfolios." For those interested, Tesla has released promo video on YouTube about the project.
I'd couple them with some big batteries. Maybe Tesla's, or maybe someone else's. Tesla isn't the only battery maker. Then I could jump in instantly when the demand rises while my turbines spool up. And leave my turbines running after demand tapers off to recharge.
Why leave money on the table for someone else to grab with a battery only solution?
Just like Enron.
I have a hunch this is Tesla's true end game. I don't think Musk honestly believes he'll reach $650B market cap in 10 years by selling cars. I think he believes he'll reach $650B market cap by selling these. By turning his gigafactory into a "product" that can be mass-produced, he'll be able to scale up and deploy at a rate and cost that nobody else can match.
Leaving the gigafactory off as collateral in Tesla's last bond issue is pretty interesting as well.
Maybe making electric cars, and giving away patents, was the excuse he created in order to justify the creation of the gigafactory in the first place? It's like giving away lanterns to sell kerosene.
If this is the case, Tesla intends to be this century's Standard Oil -- a company that makes stored energy more accessible.
Hey may never have intended automobile production to be profitable. Maybe he just wants the world to demand his batteries.
Sometimes the INTJ is just mad.
...given that e.g. Germany's peak load is about 70-75GW these days. Not even sure you can do much frequency control and the like with 18MW.
Claim to be something else.. BRILLIANT!
The European grid companies have no reason to give this out of hands. They can buy their batteries and inverters elsewhere.
And grid storage is discussed since before the start of mass funding of renewable energy about 20 years ago. It wasn't worthwhile yet to build plants just for that, neither hydro (which was cheaper in the past at least) nor batteries. If Tesla found a way to make it work they will probably happily implement it themselves.
Solar and wind are network connections, the former giving a relatively fixed amount of data over the day which changes by the hour, and the latter shoving random amounts of data down the pipe.
So shared connection over TV-cable network vs. 3G connection in an area with bad coverage, resp. ?
"Sufficiently advanced satire is indistinguishable from reality." - [Tips: 1DrYakQDKCQ6y52z6QbnkxHXAocMZJE61o ]
Both India and China are large countries, with huge populations
Both countries need the Tesla Powerpacks to hook up to their national power grid to act as a buffer
Both countries got money
So, Tesla, what are you waiting for?
Go sell the powerpacks to India and China and earn some moolah for the U. S. of A.
This is a grid balancer.(it works better if said with Paul Hogan's accent).
This dam plant by itself is about 1TW, and there are many plants like this scattered around Europe since many years. They work by pumping water upside when there is too much electricity production, and reversing the cycle when needed. Elon Musk has nothing to teach here.
They just announced they are building a Giga-factory in China that will produce both batteries and cars: https://electrek.co/2018/05/14...
India and China have more than enough ability to make their own powerpacks for much less than Tesla is going to sell them. Most batteries are produced in China and they have no intention to stop here. Which means that even with the gigafactory, China is still expected to be the biggest battery producer.
The only way Tesla is going to sell stuff to the Chinese is if they do their manufacturing in China, and forget about their trade secrets too.
India and China have more than enough ability to make their own powerpacks for much less than Tesla is going to sell them. Most batteries are produced in China
Most everything is produced in China... but in partnership with the foreign companies that designed it. The world's biggest battery factory, however, is still the one owned by Tesla, and they also have the most battery production capacity in the world overall (though both these things may be changing shortly — but Tesla is also building a factory there, see sibling comment.)
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
hmm, botched my supporting link.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
"By creating synthetic pools or portfolios, you reduce the technical requirements on individual assets ...."
Sounds good
synthetic liquid credit default swaps
what could go wrong
I'm still puzzled about the hype here. This is nothing new, compare for example: https://www.younicos.com/case-studies/schwerin/
I have a hunch this is Tesla's true end game. I don't think Musk honestly believes he'll reach $650B market cap in 10 years by selling cars. I think he believes he'll reach $650B market cap by selling these. By turning his gigafactory into a "product" that can be mass-produced, he'll be able to scale up and deploy at a rate and cost that nobody else can match
It should be more than a hunch. Tesla is really a battery/power company and should be regarded as such. Yes they are trying to sell cars because they need to develop the market for their real products. Same thing with their roof and battery pack products. They have the unenviable task of trying to both build a market and build a company. I think their purchase of SolarCity is more than a financing play. I think it really speaks to their real goals which are more about electric power technology rather than any specific product.
In a sense it is like several other companies in that their core business isn't what you probably know them best for. Honda is really an engine company but they make products like cars and lawn equipment to sell their engines. Apple is really a software company but they make cool hardware to sell their software. Anheuser-Busch is (well, was) really an entertainment company (they own amusement parks) which uses alcohol as a key product to provide that entertainment.
Leaving the gigafactory off as collateral in Tesla's last bond issue is pretty interesting as well.
Bear in mind the gigafactory is a partnership with Panasonic and Panasonic is the one doing much of the heavy lifting there since they are the largest battery maker in the world. Tesla probably couldn't use it as collateral because they don't own it (Panasonic financed the majority of it) and Panasonic probably wouldn't agree to allow it to be used in such a fashion.
India and China have more than enough ability to make their own powerpacks for much less than Tesla is going to sell them.
And it's generally assumed that Tesla makes their own powerpacks for less than they sell them for too. The difference between the two values is what we call profit. Perhaps you meant
India and China have more than enough ability to make their own powerpacks for much less than Tesla makes them for.
Velociraptor = Distiraptor / Timeraptor