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Tesla to Build World’s Largest Virtual Power Plant in South Australia | Investopedia

South Australia’s state government has struck a deal with Tesla Inc. (TSLA) to install solar and battery systems in thousands of local homes.

The plan is to use the Palo Alto, California-based company’s technology to create a decentralized electric grid managed by software. Tesla’s 5 kilowatt solar panels and 13.5 kilowatt-hour Powerwall 2 batteries will be installed in selected homes free of charge and financed through electricity sales.

Read more: Tesla to Build World’s Largest Virtual Power Plant in South Australia | Investopedia www.investopedia.com/news/tesla-build-worlds-largest-virtual-power-plant-south-australia/#ixzz56FHrjUih
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