Tesla to build world's largest 'virtual power plant' with 50000 Australian homes

Tesla Powerwall

South Australian Premier Jay Weatherill commented: "More renewable energy means cheaper power for all South Australians". Following the trial, which has already launched, solar energy systems will be installed in a further 24,000 Housing Trust properties with the plan being for at least 50,000 households to participate in the initiative within the next 4 years.

The State Government is assisting the rollout with a $2 million grant and $30 million loan from the Renewable Technology Fund.

Tesla is wanting to see its Powerwall technology go mainstream, with the company pushing their Powerwall battery packs and new solar panels at 800 Home Depot locations across the US. The panels and batteries won't carry any up-front charge for the participating households, South Australia said - instead, it'll be funded both through selling electricity as well as through government funds.

Elon Musk's Tesla seems to be on a mission to make Australia super-rich in renewable energy.

Prime Minister Malcolm Turnbull launched the South Australian Liberal's election campaign yesterday describing the government's policy as a "reckless energy experiment", as the Opposition seeks to wrest control from Labor after 16 years in power.

Tesla Powerwall
Tesla Powerwall solar panels Alexis Georgeson Tesla

Tesla hopes to accomplish this via what it calls a virtual power plant or VPP. Tesla would be responsible for the installation of the solar systems and Powerwall 2 home battery packs.

The entire system will function as an interconnected power plant all while cutting power bills for participants by an estimated 30 percent.

"This is smart energy and smart leadership from the South Australian Government".

The government is also set to look for an energy retailer to deliver the programme to add more competition to the market. In addition, it will lead to increased generation in South Australia's energy mix, which will reduce energy prices and improve energy stability.

They have. There are several virtual power plant trial schemes operating around Australia, including one in South Australia run by AGL and subsidised by the Federal Government. It works pretty much like a peer-to-peer system where the idea is that by sharing surplus energy produced by rooftop solar panels when not being used, all consumers can benefit.