Australia plans the world's largest powerbank, Tesla is lagging behind This time the plans are even more ambitious than before, because we are talking about a battery with a record power of 1.2 gigawatts. These types of technologies are the future of mankind, so it's not surprising that you invest in sky-high funds.

Australia has been experimenting with renewable energy for years and is doing great, but proper energy storage is essential for the efficient use of such forms. No wonder that it was there, and more specifically in South Australia, that Tesla built its 150-megawatt powerbank in 2018, and then announced plans to build another, even larger one, at the end of last year. We are talking about the Victorian Big Battery Megapack with a capacity of 300 MW and a capacity of 450 MWh, which is three times the size of the first project, because then we were talking about a power bank with a capacity of 100 megawatts and a capacity of 130 megawatt hours (it was only later expanded to 150 MW).

Now we learn that the Australian plans go even further, because CEP Energy has just announced the largest power bank to date with Hyperlinks site capacity of 1.2 GW - this is a world record, beating Tesla's achievements, but we expect it will also be beaten soon, because the demand for clean energy is increasing. Especially since we are also talking about real savings in customers' wallets - batteries of this type collect energy and release it on request when needed, perfectly matching unexpected increases in energy demand. So you can, for example, store energy in the summer and give it back in winter, while protecting users against power cuts that used to be common in Australia, when the energy networks were not able to meet the increased demand.

The 1.2 GW energy storage announced by CEP Energy would be a real breakthrough here, although experts also point out that this time we have a certain political subtext here. As Renew Economy suggests, the president of CEP Energy is the former Prime Minister of New South Wales, Morris Iemma, whose party has long insisted on renewable energy sources, in opposition to the approach of the current Australian government, led by Scott Morrison, inclined to stick to fossil fuels (he also downplayed the contribution of climate change to the mass fires in Australia at the beginning of last year). In addition, the new powerbank will be built in Kurri Kurri, the place where the Morrison government tried to install new gas and coal power generators. The power bank will start operating in 2023.