Should have gone with Redlow!, page-2

In a recent earnings call, Tesla CEO Elon Musk talked up his company’s growing energy storage business claiming there is demand for more than 1 million of Tesla’s home Powerwall batteries, and “a vast amount” of Megapacks for utilities. Tesla energy generation and storage revenue during the second quarter of 2021 reached $801 million, with cost of revenue for this division hitting $781 million for the quarter.

According to a statement sent to CNBC on behalf of Louis de Sambucy, managing director of Neoen Australia, the fire occurred “within one of the Tesla Megapacks at the Victorian Big Battery” during initial testing of the system on Friday. No one was injured and the site was evacuated.

He added, “Neoen and Tesla are working closely with emergency services on site to manage the situation. The site has been disconnected from the grid and there will be no impact to the electricity supply.”

Neoen also said it would provide updates when new information was available. Tesla and AusNet did not respond immediately to requests for comment.

Musk wrote on Twitter following news of the fire at the big battery site, “Prometheus unbound,” a reference to the god of fire.

https://www.cnbc.com/2021/07/30/tesla-megapack-caught-fire-at-victorian-big-battery-site-in-australia.html

Is Musk laughing at the fire of his batteries?

This news is all over the place from marketwatch to Forbes and CNBC.

Will the fire dent confidence in Li batteries? This could have beneficial effects for RFX.