Tesla (TSLA, -0.92%) on Monday cut the ribbon on a massive battery storage facility in the California desert—the biggest of its kind on earth. It joins similarly huge facilities built by AES (AESO, -90.00%) and Altagas, (ATGFF, -1.47%) which are both set to launch around the same time, Bloomberg reports.
Combined, the plants constitute 15% of the battery storage installed globally last year.
Each component, comprised of 16,000 lithium-ion battery cells, is meant to suck up power from the grid by day and then feed it back in as demand surges, according to the New York Times.
