Metal tycoon to leapfrog Elon Musk with world's biggest battery

Elon Musk faces tough competition from Sanjeev Gupta's Simec Zen Energy, which plans to build a 120-megawatt lithium-ion battery in Australia.

Photo: /ritzau/AP/Mark Lennihan

Sanjeev Gupta plans to snatch the world's biggest battery crown from Tesla Inc. 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.

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