Increase your OneDrive for Business storage quota to the max of your license

I had never seen this or read about it until now.
Turns out that the default storage quota for a OneDrive for Business user is 1 TB.
This goes for

• Office 365 Enterprise E3 and E5, 
• Office 365 Goverment E3 and E5
• Office 365 Education and Office 365 Education E5
• OneDrive for Business Plan 2 and SharePoint Online Plan 2

All these licenses are allowed to increase the storage quota to 5 TB.

It doesn't show this when you check in the admin portal.

Only after clicking the link "What's the maximum for my Office 365 plan?" you're taken to a page that states the above.

So how do we take advantage of all this storage space?
I'm mostly interested in the way to set it for one specific user:

First we need to get the OneDrive for Business site url, the easiest way to get this is to click in the Office365 menu tile.

You're taken to your OneDrive for Business site.
Copy the url from the browser, it looks something like this:
https://tenant-my.sharepoint.com/personal/firstname_lastname_domain_com

Then we go to PowerShell and fire up the SharePoint Online PowerShell module.

When logged in we view the current settings:

get-SPOSite -Identity https://tenant-my.sharepoint.com/personal/firstname_lastname_domain_com | select storagequota            
            
StorageQuota            
____________            
     1048576

Now to set the maximum of 5 TB for this one User:

Set-SPOSite -Identity https://tenant-my.sharepoint.com/personal/firstname_lastname_domain_com -StorageQuota 5242880

Check to see the change:

get-SPOSite -Identity https://tenant-my.sharepoint.com/personal/firstname_lastname_domain_com | select storagequota            
            
StorageQuota            
____________            
     5242880

In case there's the need to reset it to the default value:

Set-SPOSite -Identity https://tenant-my.sharepoint.com/personal/firstname_lastname_domain_com -StorageQuotaReset