Tesla’s huge Australia battery won’t last as world’s largest: Hyundai in the wings
As Elon Musk basks in the glow of meeting his 100-day challenge to install the world’s largest utility battery in South Australia, another company is looking to take his crown.
Hyundai Electric & Energy Systems Co. announced on November 23 it took an order for an industrial energy-storage system to be installed by February.
The 150-megawatt system, expected to be the world’s largest on delivery, was purchased by Korea Zinc at a cost of 50 billion won ($45 million) for use at its Ulsan refinery.
Hyundai Electric is one of three companies created in May of this year in a spin-off move by the world’s largest shipbuilder, Hyundai Heavy Industries.
Since the spin-off, Hyundai Electric has expanding into the energy-storage market, which is expected to grow tenfold by 2025 to $29.2 billion, reports Pulse.
The latest order comes as Korea looks to reduce its reliance on nuclear power and move to renewables
The current world-record holder is Tesla’s 129-megawatt-hour battery that stores enough energy for 30,000 homes in South Australia.
The battery gained notoriety when Elon Musk guaranteed the installation of 100 megawatt-hour of capacity in 100 days—or he’d foot the bill.