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A comment on Tesla's giant battery saved $40M during its first year, report says. Parent comment

Re:Tesla's giant battery saved $40M during its first year, r... by pixl97 on Thursday December 06, 2018 @01:13PM (#18620530)
>This would have been competitive at 4 times the price.

Not exactly.

Australia's high prices were not due to a technology failure, but a regulatory one. The power generators were manipulating the market causing extremely high peak prices, and essentially being allowed to get away with it. Most other countries don't allow the market to wildly fluctuate so much, so the payback is far longer. Think decades and not years.

[ Parent | on HN ]
Re:Tesla's giant battery saved $40M during its first year, r... by benj111 on Thursday December 06, 2018 @01:37PM (#18620743)
4 * $66m = $264m / $40m = 6.5 ish years payback.

Not many investments offer that rate of return.

You may be right to suggest it may not be competitive in other locations though. I don't know.

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