Tesla and NatPower agree to $5B deal for 25 GWh of Megapack battery storage in Italy and UK
By
Fred Lambert
Summary
Tesla and independent energy firm NatPower have struck a multiyear deal to deploy 25 GWh of Tesla Megapack battery storage systems in Italy and Britain, as the first phase of a program worth up to $5 billion that aims to eventually surpass 100 GWh. The agreement includes using Tesla's trading software to optimize when to buy and sell electricity, expanding Tesla's footprint in Europe's growing grid storage market.
Source
bskyTesla and NatPower agree to $5B deal for 25 GWh of Megapack battery storage in Italy and UKelectrek.coKey quotes
· 3 pulledTesla 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 reach deeper into Europe's fast-growing grid storage market.
The first phase covers five initial projects totaling 25 GWh
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