Tesla is bringing its Powerpack energy storage system to Colorado, and it could mean big savings for the community. Energy firm United Power announced last week that it’s nearing completion of a project in Weld County that will smooth out fluctuations in energy prices by providing a continuous source of power.

The project, CBS Denver reports, uses 80 Powerpacks to offer four megawatts of storage, enough to power 700 homes for four hours. That’s a far cry from the South Australian behemoth, which offers 100 megawatts and powers 30,000 homes, but the intention is to only use the Colorado facility during peak hours to save both members and United Power itself around $1 million per year on energy costs. In this sense, it serves a similar purpose to South Australia’s “virtual power plant” that networks 50,000 homes to bring energy prices down by around 30 percent.

Read More… Tesla’s New Powerpack Project Could Bring Big Energy Savings to Colorado

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