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Your numbers are likely outdated. The Tesla grid battery installation in Australia was so profitable that Neoen is building more as fast as it can: https://rene
by mdorazio 3y ago
Your numbers are likely outdated. The Tesla grid battery installation in Australia was so profitable that Neoen is building more as fast as it can: https://reneweconomy.com.au/neoen-aims-for-big-batteries-in-every-state-following-success-of-tesla-big-battery/ https://reneweconomy.com.au/neoen-aims-for-big-batteries-in-...
- slyall 3y agoThe Australian battery isn't just making money from Arbitrage. It makes most of it from "Frequency control ancillary services (FCAS)". "80-90% of battery revenues have been coming from FCAS and about 10-20% from energy trading."[1] I would assume the amount of FCAS capacity needed will be fairly limited so the economics of additional batteries won't be as good. [1] https://www.energy-storage.news/batteries-are-number-one-at-maintaining-australias-grid-frequency/ https://www.energy-storage.news/batteries-are-number-one-at-...