Eion Musk wins $50m bet by making giant battery for South Australia

Elon Musk’s Tells has built the world’s largest ever lithium-ion battery within 100 days in South Australia, a state previously plagued with  power blackout and managed to win a $50m bet.

Mr Musk and Lyndon Rive the head of Telsa’s battery division proposed building an energy storage facility in the state following severe blackouts after March 2016 storm. Musk had apparently made a bet, saying Telsa would get the battery installed and working within 100 days of the contract being signed or the  £37m ($50m ) system would be free.

The deadline was due to expire on 1 December 2017, ahead of which Jay Weatherill, the state premier announce that the project had been completed. The battery will store energy from a nearby wind farm run by Neon,  the French renewable energy company.

South Australia is to have back-up power this summer though the world’s largest lithium ion battery, which is  set to have energised for the first time in the coming days as it completes regulatory testing.

Tesla, a maker of electric automobiles have invested heavily in energy storage and solar panel technology and it believes their technology could develop far beyond electric vehicle and supply power to the grid.

As per the deal Tesla manufactured a 129MWh battery in Jamestown with a population of 1500 people, 120 miles north of Adelaide.