Tesla and energy company Intersect Power have contracted for delivery of a massive 15.3GWh of Megapacks, Tesla’s battery energy storage system (ESS).
This is for Intersect Power’s solar and storage projects up to 2030. Intersect said the agreement, when combined with previous commitments, makes it one of the largest buyers and operators of Megapacks globally. It has nearly 10GWh of large-scale energy storage expected to be deployed by the end of 2027. Contract value has been estimated at around $3 billion.
Tesla has previously supplied Megapacks for Intersect Power’s base portfolio of solar and energy storage facilities totalling 2.4GWh and in operation or under construction. Intersect plans to utilise over half of the new order on four projects in California and Texas. They should be in operation by the end of 2027, it said – and be some of the largest battery installations in the US.
In a separate mega deal this week, China’s energy storage company Sungrow Power Supply signed an agreement with Saudi Arabian Algihaz Holding for a 7.8GWh energy storage project. It is expected to be delivered this year and help improve grid reliability and realise the Saudi Vision 2030, which includes reducing reliance on oil. Sungrow bases its utility-scale ESS on NCM and LFP batteries, meeting NFPA 855 fire safety requirements and based on UL9540A.
