Tesla’s big battery bet in Australia is paying off

first_imgTesla’s big battery bet in Australia is paying off FacebookTwitterLinkedInEmailPrint分享The Guardian:The Tesla lithium-ion battery in South Australia is on track to make back a third of its construction costs in its first year of operation, new financial documents show. The 100MW/129MWh battery was switched on in November and is paired with the Hornsdale windfarm, about 230km north of Adelaide.The French renewable energy company Neoen, which owns the battery, filed for IPO listing on the French stock exchange this month. A 400-page document filed in support of the application shows the battery, which is the largest lithium-ion battery in the world, had a capital cost of €56m or A$90.6m and generated €8.1m, or A$13.1m, in revenue from network services in the six months to 30 June 2018.Almost $2m of that was from its 10-year contract with the SA government to provide reserve capacity for the state’s electricity network, which is worth $4m a year. The rest was from trading on the frequency and ancillary services market. It also made €6.7m, or A$10.8, from the sale of stored electricity. The document does not state the project’s profit margins.The SA government contract is for 70MW of capacity and a small amount of storage, leaving 30MW and the bulk of the battery’s storage capacity available to sell on the national energy market.Dylan McConnell, from the Australian-German Climate and Energy College, said the financial returns were above the already high expectations for the project, but as more battery projects came online the rate of revenue growth could be expected to slow. “There’s a finite need for these ancillary services,” he said. “They are very important resources but it’s quite a small market in the scheme of things.”Neoen has several storage projects under way, including a 20MW battery attached to the proposed 194MW windfarm at the Bulgana green power hub in Victoria, 90% of which is contracted to the Victorian government. It is also proposing a 50MW storage facility in Kaban, in Queensland.More: South Australia’s Tesla battery on track to make back a third of cost in a yearlast_img read more

Former SU guard Jardine to host Orange Madness on Oct. 12

first_img Published on September 27, 2012 at 3:02 am Contact Chris: [email protected] | @chris_iseman Facebook Twitter Google+ CORRECTION: In a previous version of this article, AmeriCU Credit Union Orange Madness was misspelled. The Daily Orange regrets this error.The 2012 AmeriCU Credit Union Orange Madness presented will take place Oct. 12, the Syracuse athletics department announced Wednesday.Former Orange point guard Scoop Jardine will co-host the event with Jasmine Jordan, an SU student and daughter of former NBA star Michael Jordan. Rapper Wale will be the event’s featured entertainment. Orange Madness begins in the Carrier Dome at 8 p.m., and tickets are free to the public.The event, which kicks off the 2012-13 men’s and women’s basketball seasons, will be televised on ESPNU and ESPN3. SU will be one of seven men’s basketball programs to have its Midnight Madness featured on the network.Coming off a 34-3 season and a an Elite Eight loss, Syracuse will be without Jardine, as well as small forward Kris Joseph, center Fab Melo and guard Dion Waiters. Joseph and Melo were both selected by the Boston Celtics in the NBA Draft. Waiters was drafted by the Cleveland Cavaliers.AdvertisementThis is placeholder textThe men’s team will play a scrimmage and participate in a dunk contest, while the women’s team will run through drills among other activities. Commentslast_img read more

Undisputed champ: Crawford stops Indongo in 3rd round

first_imgMOST READ Terence “Bud” Crawford celebrates his victory by knockout over Julius Indongo in the third round of their junior welterweight world title unification boxing bout in Lincoln, Neb., Saturday, Aug. 19, 2017. (AP Photo/Nati Harnik)LINCOLN, Neb. — Terence Crawford stopped Julius Indongo in the third round Saturday night to become the undisputed world champion at 140 pounds.Crawford sent Indongo to the canvas with a right to the body in the last minute of the second round and just missed with a massive left hook before the bell. Midway through the third round, Crawford caught Indongo with a left hook to the body that put him down writhing in pain.ADVERTISEMENT Crawford (32-0, 23 knockouts) was in his home state for the fifth time in nine fights but for the first time in Lincoln, 45 minutes from his Omaha base.Indongo (22-1, 11 knockouts) was fighting for the first time in the United States after winning bouts in Russia and Scotland to win his titles.Crawford entered the ring to roars from the Pinnacle Bank Arena sellout crowd of 12,121 after coming down the steps from the arena concourse. He wore a red No. 140 Nebraska Cornhuskers football jersey, a nod to this city being home to the University of Nebraska.With fans on their feet and chanting his name, the 29-year-old Crawford seized control early. When his final blow took down Indongo, the decibel level increased even more, and Crawford jumped in the air in the middle of the ring in celebration.Indongo couldn’t get up.ADVERTISEMENT 787 earthquakes recorded in 24 hours due to restive Taal Volcano National Historical team rescues Amorsolos, artifacts from Taal The fight was the first four-belt unification bout since 2004, when Bernard Hopkins stopped Oscar De La Hoya to claim all the belts in the 160-pound division. Crawford came in with the WBC and WBO belts; Indongo, from Namibia, was the WBA and IBF champion.“It means everything,” Crawford said. “I’m the only one who can I’m the undisputed champion of the world. That’s big because there’s nobody else who can they’re undisputed in their weight division.”FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’Promoter Bob Arum of Top Rank said the plan is for Crawford to go with him to Australia for the expected November rematch between Jeff Horn and Manny Pacquiao. Arum wants Crawford to fight the winner.“I’m all for it,” Crawford said. Filipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite Teen gunned down in Masbate OSG plea to revoke ABS-CBN franchise ‘a duplicitous move’ – Lacson 787 earthquakes recorded in 24 hours due to restive Taal Volcano Don’t miss out on the latest news and information. center_img Albay to send off disaster response team to Batangas LATEST STORIES Vilma Santos, Luis Manzano warn public of fake account posing as her “When he hit me, it hurt so bad,” he said. “When he hit me like that, my mind was gone.”On the undercard, 20-year-old Shakur Stevenson scored a unanimous decision over Argentinian David Paz in a super featherweight bout. Stevenson (3-0, 1 knockout) flashed superior speed and finesse throughout the six rounds and knocked down Paz (4-4-1) late in the fifth.Stevenson, of Newark, New Jersey, is considered a rising star in the pro ranks after earning a silver medal in the 2016 Olympics.“I feel like the competition stepped up this fight and I feel like I put on a good show, a good boxing display,” Stevenson said. “I was really trying to get the knockout, and I was trying to get him with a good hard punch. I was trying to hit him with my left hand and my hook. I do need to use my jab a lot more.”Light heavyweight contender Oleksandr Gvozdyk (14-0, 12 KOs) of Ukraine stopped Craig Baker (17-2, 13 KOs) of Baytown, Texas, at 2:40 of the sixth round. Chaos ensues as McIntyre wins NXT title in NXT TakeOver: Brooklyn III Marcosian mode: Duterte threatens to arrest water execs ‘one night’ Sports Related Videospowered by AdSparcRead Next 2 nabbed in Bicol drug stings View commentslast_img read more