CEP Energy said its $2.4bn battery at Kurri Kurri, north-west of Newcastle, would have a power capacity of up to 1,200 megawatts
I’m not sure but…..
1.2 gigawatts is about a big nuclear power station, isn’t it? Therefore it’s costing $2.4 billion to have the battery store the output – the equivalent output – of a large nuclear plant for one hour?
Have I got that right?