Sanjeev Gupta plans to snatch world's biggest battery crown from Elon Musk

Sanjeev Gupta  plans to snatch the world’s biggest battery crown from Tesla founder Elon Musk.

Simec Zen Energy, controlled by the UK executive’s GFG Alliance, agreed to build a 120-megawatt lithium-ion battery at Port Augusta in South Australia, State Premier Jay Weatherill said in an emailed statement Friday. 

While no timeline was given for completion, the battery size would exceed Musk’s 100-megawatt unit in the same state’s outback, which holds the current record. Other rivals may also overtake Musk including a South Korean project.

GFG, which last year added steel operations to iron ore mines in Australia, said the battery will help power