Tesla has secured an absurdly giant contract to offer over 15 GWh of Megapack to California’s Intersect Energy.
The Megapack has turn out to be the go-to, posterchild product for large-scale vitality storage across the globe.
It’s by far Tesla’s fastest-growing product and enabled the corporate to deploy a document of 9.4 GWh of vitality storage final quarter – greater than twice the final document.
Now, Tesla has secured its greatest Megapack contract so far and it’s absurdly giant.
As we speak, Intersect Energy introduced that it secured a contract for Tesla to offer them 15.3 GWh of Megapacks by means of the following 5 years.
Intersect Energy wrote in a press launch:
Tesla and Intersect Energy immediately introduced a contract for 15.3 GWh of Megapacks, Tesla’s battery vitality storage system, for Intersect Energy’s photo voltaic + storage challenge portfolio by means of 2030. This settlement, when mixed with earlier commitments, make Intersect Energy one of many largest consumers and operators of Megapacks globally with practically 10 GWh of large-scale vitality storage anticipated to be deployed by the top of 2027.
As talked about above, most of that capability is predicted to be deployed throughout the subsequent 2 years, which implies a big a part of Tesla’s capability, which is presently ramping to 40 GWh per yr, goes to go to Intersect.
Intersect presently solely “2.2 GW of working photo voltaic PV and a pair of.4 GWh of storage in operation or building”. So this can be a large step up for them, however the 10 GWh of tasks deliberate for the following 2 years are reportedly already within the pipeline.
Mike Snyder, Senior Director of Tesla Power, commented on the brand new partnership with Intersect:
Intersect continues to be an distinctive companion, and their growth experience mixed with the plug-and-play nature of Tesla’s vertically built-in know-how permits the pace and scale wanted to boost grid resilience and assist larger renewables integration.
Sheldon Kimber, CEO of Intersect Energy, added:
Nobody available in the market can match Tesla’s depth of expertise in storage know-how. This partnership is the muse of one of many largest and quickest rising storage portfolios within the nation right here at Intersect Energy. This storage franchise is the right complement to our multi-billion greenback enlargement of renewable technology that’s anticipated to greater than triple the scale of our firm over the following three years.
The corporate confirmed that its first EMgapack deliveries beneath the brand new contract are anticipated subsequent yr.
Electrek’s Take
This can be a huge contract that can take a big a part of Tesla’s Megapack productrion capability for the following few years.
We’re speaking a few contract worh between $2.5 and $3.5 billion relying on pricing.
Tesla’s vitality storage enterprise is really the silverlinning of Tesla’s efficiency these days consideirng each EV deliveries and photo voltaic deployment are down.
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