The Victorian government has awarded a contract to French-based renewable energy producer Neoen and electric car maker Tesla to build a 300 MW/450 MWh battery storage system in Geelong, Australia. For this project, Tesla will use its new 3 MWh megapacks. The cost of the project is yet to be decided, but it will receive a service charge of AUD 12.5 million per year for a 250 MW/125 MWh component under a 10-year contract with the Australian Energy Market Operator.
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