Tesla has secured an absurdly massive contract to supply 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 file of 9.4 GWh of vitality storage final quarter – greater than twice the final file.
Now, Tesla has secured its largest Megapack contract so far and it’s absurdly massive.
At this time, Intersect Energy introduced that it secured a contract for Tesla to supply them 15.3 GWh of Megapacks by means of the subsequent 5 years.
Intersect Energy wrote in a press launch:
Tesla and Intersect Energy right this moment 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 almost 10 GWh of large-scale vitality storage anticipated to be deployed by the tip of 2027.
As talked about above, most of that capability is anticipated to be deployed inside the subsequent 2 years, which implies a major a part of Tesla’s capability, which is presently ramping to 40 GWh per 12 months, 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 development”. So this can be a massive step up for them, however the 10 GWh of initiatives deliberate for the subsequent 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 accomplice, and their growth experience mixed with the plug-and-play nature of Tesla’s vertically built-in expertise permits the pace and scale wanted to reinforce grid resilience and assist higher renewables integration.
Sheldon Kimber, CEO of Intersect Energy, added:
Nobody out there can match Tesla’s depth of expertise in storage expertise. This partnership is the inspiration 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 growth of renewable technology that’s anticipated to greater than triple the scale of our firm over the subsequent three years.
The corporate confirmed that its first EMgapack deliveries underneath the brand new contract are anticipated subsequent 12 months.
Electrek’s Take
It is a large contract that can take a big a part of Tesla’s Megapack productrion capability for the subsequent few years.
We’re speaking a couple of 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 recently consideirng each EV deliveries and photo voltaic deployment are down.
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