Submission + - Giant Tesla battery in Australia earns around a million bucks in a few days (electrek.co)
drinkypoo writes: Last week, Neoen's and Tesla’s massive battery was paid up to $1000/MWh to charge itself and now it could have earned up to 1 million AUD in the last few days by selling the power back to the grid to cover a coal plant outage. Unlike other forms of power storage, battery systems can be switched between states (charging, discharging, or idle) effectively instantly, which permits a stabilizing effect on the grid.