Elon Musk's Tesla is installing the world's largest grid scale battery in South Australia, and the company's CEO is fully aware of how much the project's success means in terms of the technology's credibility.
Lithium ion has dominated the energy storage conversation as the battery predicted to dramatically change the global energy system but New York-based Eos believes its chemistry is a better fit, not least for the integration of distributed energy resources.
The National Infrastructure Commission's (NIC) Ã¢€ËœSmart Power' report in March 2016, found that Ã‚Â£8 billion could be saved in the UK annually by 2030 through increased flexibility from a combination of greater interconnection, energy storage and demand-side adaptabilities.
Tesla is to supply 20 MW of grid scale energy storage to Southern California Edison as part of a comprehensive effort to prevent blackouts by replacing coal and gas-fired power generation with lithium-ion batteries.
The chief executive of Tesla Motors, Elon Musk, says he believes the synergies to be gained by combining solar power, electric vehicles and storage could enable the company to reach a valuation of $1trn.