Tesla has officially signed a ¥4 billion (C$764/US$557 million) deal to build its first grid-scale battery energy storage station in China, leveraging its Megapack technology.
"The grid-side energy storage power station is a ''smart regulator'' for urban electricity, which can flexibly adjust grid resources," Tesla said on Weibo, according to a Google translation. This would "effectively solve the pressure of urban power supply and ensure the safe, stable and efficient electricity demand of the city," it added.
Their growing use helps stabilize power grids, prevent outages, and reduce reliance on fossil fuels. This project is Tesla’s first large-scale energy storage installation in China, complementing its existing automotive manufacturing presence in the city through Giga Shanghai.
Tesla''s energy storage plant in Shanghai''s Lin-gang Special Area commenced operation on Feb 11, as the assembly line started the production of the first Megapack unit. The Megapack, which is an advanced battery system designed for large-scale energy projects, can store more than 3,900 kilowatt-hours of electricity in a single unit.
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US carmaker Tesla on Friday inked a deal with Chinese partners to build a grid-side energy storage station in Shanghai using its Megapack energy-storage batteries.
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Tesla inks a $557M deal to build China’s largest energy storage station in Shanghai, a major shift toward becoming a global energy leader.
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