Tesla, NatPower strike $5B deal for 25 GWh of Megapack storage

Tesla and independent energy firm NatPower have reached a deal to build 25 gigawatt-hours of battery storage in Italy and Britain, the fi…

Source Electrek AI Summary Updated 1h 24m ago

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Tesla and independent energy firm NatPower have reached a deal to build 25 gigawatt-hours of battery storage in Italy and Britain, the first phase of a program worth up to $5 billion. Under the multiyear agreement, NatPower will deploy Tesla’s Megapack systems and use Tesla’s trading software to decide when to buy and sell electricity — extending Tesla’s re…

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