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The project is expected to be operational in 2026, and construction has already begun. Unlike most Tesla battery storage deals, which typically use the 4-hour Megapacks, this project will utilize the 2-hour Megapacks, which have a power output of 1.9 MW, nearly twice as fast as the standard 4-hour version.
The unique aspect of this project is that the Australian Capital Territory government will receive a 50% share of the net revenue, highlighting the financial flexibility and capital structuring of these battery storage projects.