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Tesla’s Australian Battery Fix Comes at ‘Big Price,’ Analyst Says

  • Batteries seen costing over 60% more than gas peaking plants
  • Diesel, gas-fired generation required to bridge supply: BNEF
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Can Elon Musk Solve Australia's Energy Shortage?

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Billionaire Elon Musk’s plan to install a giant battery to help fix a power crisis in South Australia will come at a “big price” with installation costing 60 percent more than alternative open cycle gas plants, according to Wood Mackenzie Ltd.