Last year, Elon Musk surpassed all expectations when Tesla's giant lithium-ion battery went live in South Australia, promising a clean, sustainable and effective energy solution. The 100-megawatt battery is said to have the capacity to power more than 30,000 homes.

Now, an Indian-born Metal tycoon Sanjeev Gupta is planning to build an even more powerful lithium battery to beat what's being described as the world's most powerful lithium battery

Source: businesstoday.in

The British billionaire is planning to build a 120-megawatt lithium-ion battery at Port Augusta in South Australia.

South Australian Premier Jay Weatherill told reporters in Adelaide:

We know that more renewable energy means cheaper power, and that's why we have increased our renewable energy target to 75 percent and also introduced a new renewable storage target of 25 percent.
Source: abc.net.au

Indian-born British businessman and the founder of Liberty House Group secured a loan of around $8 million from the South Australian government through its Renewable Technology Fund. The project is expected to create 100 construction jobs.