Tesla inks deal to turn 50,000 homes into virtual power plant

Feb 05, 2018, 7:22 AM EST
(Source: Ken Fields/flickr)
(Source: Ken Fields/flickr)

Tesla has struck a deal with the Australian government whereby it will provide “free” solar panels and Powerwall batteries to 50,000 homes, creating the “world’s largest virtual power plant.”

South Australia's Labor Premier Jay Weatherill announced that a taxpayer-funded grant and a loan will finance Tesla’s program while the power generated will be sold back to homeowners via a retailer, notes ABC News.

The government is inviting registrations from Australians interested in the scheme, which it believes would be a step forward in ensuring greater security for the energy network and slashing power bills for families, writes Digital Trends.

TAGS: Tesla