British billionaire Sanjeev Gupta is aiming to beat Elon Musk's record by building the biggest battery storage system in the world. Through his company SIMEC ZEN Energy, Gupta is proposing the construction of a 100 MW/140 MWh storage facility in South Australia, using an $8m loan from the state government. Tesla last year completed a 120 MW/129 MWh facility less than 120 miles from the proposed new site, at a cost of around $50m. Whilst this was constructed to help balance the grid, Gupta's project is being planned to power a local steel plant.
British billionaire Sanjeev Gupta is aiming to beat Elon Musk's record by building the biggest battery storage system in the world. Through his company SIMEC ZEN Energy, Gupta is proposing the construction of a 120 MW/140 MWh storage facility in South Australia, using an $8m loan from the state government. Tesla last year completed a 100 MW/129 MWh facility less than 100 miles from the proposed new site, at a cost of around $50m. Whilst this was constructed to help balance the grid, Gupta's project is being planned to power a local steel plant.