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1

Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

2

CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

3

Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?

1

Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

2

CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

3

Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?
EnvironmentTesla
Europe

Tesla to power France’s biggest battery storage facility—boosting the nation’s capacity to store green electricity

By
Eamon Akil Farhat
Eamon Akil Farhat
,
Francois de Beaupuy
Francois de Beaupuy
, and
Bloomberg
Bloomberg
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By
Eamon Akil Farhat
Eamon Akil Farhat
,
Francois de Beaupuy
Francois de Beaupuy
, and
Bloomberg
Bloomberg
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July 19, 2024, 5:24 AM ET
Elon Musk, billionaire and chief executive officer of Tesla, at the Viva Tech fair in Paris, France, on Friday, June 16, 2023. Musk predicted his Neuralink Corp. would carry out its first brain implant later this year. Photographer: Nathan Laine/Bloomberg via Getty Images
Elon Musk, CEO of Tesla.Nathan Laine/Bloomberg via Getty Images

UK developer Harmony Energy Ltd. has begun construction on France’s biggest battery storage facility, boosting the country’s ability to store green electricity when it’s plentiful for use later when it’s needed.

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The 100-megawatt Cheviré battery project in the western city of Nantes will use Tesla Inc.’s Megapack product and be able to power 170,000 homes for two hours, the company said. The facility, on the site of an old power station that burnt fossil fuels for more than 30 years, will provide critical balancing services to the grid and enable the shift to renewable energy.

France’s network operator said last year the country will need more flexibility such as battery storage and tools to shift demand away from peak hours as more intermittent renewables are added to supplement the country’s nuclear fleet.

Construction has already started, with the battery system due to be connected to the grid in the summer of 2025 and ready to be fully operational by the end of next year.

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