(Reuters) – Billionaire entrepreneur Elon Musk will construct a large battery that will connect to the Texas grid, Bloomberg News reported on Monday.
This comes days after a mid-February storm temporarily knocked out around half the state’s generating plants, triggering outages that killed dozens and pushed power prices up to 10 times the normal rate.
(Reporting by Subrat Patnaik in Bengaluru; Editing by Krishna Chandra Eluri)
