Tesla’s South Australia battery system likely won’t hold the title of world’s largest for long. Hyundai Electric and Energy Systems is building a 150-megawatt lithium-ion battery storage system – 50 percent larger than Tesla’s – in South Korea. And they say it should go live in around three months.
Hyundai’s South Korea battery could go live in February. They contracted with metal smelting company Korea Zinc for the system costing 50 billion won, or around $45 million. Korea Zinc will use the battery storage system at their Ulsan refinery.
Bloomberg New Energy Finance senior associate Ali Asghar said, “Musk has set a benchmark on how quickly you can install and commission a battery of this size,” and that plummeting costs are “making them a compelling mainstream option for energy storage applications in many areas around the world.”
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