and PG&Electric Corp.
broke ground last week on a lithium ion battery power storage system in a PG&E electrical substation at the central coast of California, the firms said in a statement that called the center a “landmark.” The machine will be built, assembled, and maintained by the two businesses, and owned and run by PG&E, they stated. Construction is anticipated to continue into early next year, with the aim of getting it energized in ancient 2021 and completely operational in the next quarter of 2021. “After working, the Moss Landing substation system is going to be among the biggest utility-owned, lithium ion battery power storage systems on the planet,” the firms stated. Stationary energy-storage methods help smooth out electric-grid slopes and sidewalks and make the grid more reliable. Shares of Tesla climbed almost 2% and stocks of PG&E gained roughly 1% in midday trading Wednesday.