An offer from Tesla CEO Elon Musk to complete a large-scale energy storage project in South Australia within 100 days or deliver it for free has been taken up by the region’s government.

Brisbane-based renewable energy investor Lyon Group will soon start building a AU$1 billion (US$767 million) solar-plus-storage farm in South Australia – the world’s largest.

In a major energy strategy upheaval, the South Australian government is providing significant funding to support energy storage projects, starting with a 100MW grid-connected battery that will be the largest in the country.

Elon Musk’s electric vehicle and storage company Tesla has officially changed its name from ‘Tesla Motors’ to ‘Tesla Inc’ according to a new regulatory filing.

Tesla and Panasonic’s Gigafactory in the Nevada desert has now started making high performance cylindrical battery cells of the type used in its stationary storage and forthcoming Model 3.

EV manufacturer and battery specialist Tesla Motors has reported strong results with a return to profit in Q3 this year and expectations of this positive performance to continue into Q4.

SolarCity purchase under threat as Tesla shareholders file four lawsuits in two weeks, alleging the company’s board breached fiduciary duties

Despite its thirteenth quarterly reverse on the spin, Tesla chairman and chief executive Elon Musk predicts Tesla and SolarCity will create an automotive-energy giant worth US$1 trillion.

Tesla Motors’ US$2.6 billion all-stock offer for SolarCity this week raised questions, as both firms’ share prices slumped on the announcement, and markets reflected a sense of both awe and unease at the proposed deal. GTM Research director of energy storage Ravi Manghani considers these questions, through the prism of Tesla chief Elon Musk’s self-titled ‘master plan, part deux’.

Tesla’s second Master Plan will be mostly funded by sales of its vehicles, particularly the new electric vehicle, the Model 3, chief executive Elon Musk said during a soft launch of the enormous ‘Gigafactory’ in Nevada on Tuesday.