Elon Musk Wins $50 Million Bet for Creating World’s Largest Lithium-Ion Battery

    No one had foreseen what an ordinary September night brought for the people of South Australia as it threw 1.7 million residents of the state into darkness. It turned out that the electricity transmission infrastructure fell on its knees, and except the Kangaroo Island whose power station had been built in conformity with such situations, rest was black.

    Elon Musk Wins 50$ Million Bet
    Elon Musk Wins $50 Million Bet for Creating World’s Largest Lithium-Ion Battery

    With that happened, the Australian government decided to not let its people face it again and initiated a competition where the errand was to make the world’s largest lithium-ion battery. The challenge wasn’t a cup of cake, but the man appeared upfront was no ordinary person: it was Elon Musk, the founder of SpaceX and a man with an uncanny brilliance.

    Not only did Elon accept a humungous challenge, but also brusquely declared that his company Tesla will deliver it in 100 days. In addition to it, if the company fails to complete its claim, it’ll forgive the project’s cost which was about $50 million. The media all around the globe was astonished. However, Elon was well learned about his company’s abilities.

    In fact, with utmost dedication and persuasion, Tesla made the world’s largest lithium-ion battery before the deadline December 1 Elon Musk Won $50 Million Bet for creating World’s Largest Lithium-Ion Battery. The battery will receive power from an embarking windfarm managed by French renewable energy company named Neoen and it will have the bones to power about 30,000 homes for about sixty minutes.

    “South Australia is set to have a power reserve this summer through the world’s largest lithium-ion battery, which is expected to be charged for the first time in the next few days as it enters a regulatory testing phase.” Jay Weatherill, the 45th premier of South Australia, had stated.

    Tesla will shortly receive the payment for the 100-megawatt energy storage project and along with it, the stronger recognition of being a pioneer of technology and advancements.

    Elon Musk tweeted this to congratulate the unwinding efforts of his team: Congratulations to the Tesla team and Southern Australian authorities who have worked so hard to get this manufactured and installed in record time!

    South Australia will now be ready for all sorts of inevitable power failure. However, it’s not just a happenstance that Elon Musk and his men created such a useful thing in a short span of time. In the past years, Tesla has made products such as Electric Vehicle, Tesla Energy and employees and subsidiaries such as SolarCity and Tesla Grohmann Automation.

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