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Tesla Signs Deal for $556 Million Grid-Scale Battery Storage Station in China
- Tesla signed a $556 million deal in June 2025 to build its first large-scale grid battery storage station in Shanghai, China.
- The project follows Tesla's rapid construction and operational launch of its Shanghai energy storage Megafactory, which started in May 2024 and became operational by February 2025.
- Using Tesla's Megapack batteries, the facility will serve as a smart regulator to stabilize Shanghai's power grid by adjusting resources in real time and supporting peak demand.
- By early 2025, Tesla's worldwide energy storage installations had more than doubled compared to the previous year, totaling 10.4 gigawatt-hours, while the company's revenue from energy-related operations increased by 67% to $2.73 billion.
- This deal signals Tesla's growing shift toward energy infrastructure, enhancing grid flexibility and supporting China's green energy goals amid ongoing US-China trade tensions.
55 Articles
55 Articles
Tesla sparks buzz after rolling out long-awaited upgrade for one of its most popular models: 'I think it's a good option'
Tesla recently rolled out a long-awaited upgrade for North American Model 3 owners: a new tow package that adds versatility to the popular electric vehicle. Previously only available in Europe and parts of Asia, this official setup lets drivers haul loads up to 2,200 pounds without turning to aftermarket options that could void the warranty, as Not a Tesla App detailed. At $1,300, the package includes a high-strength steel tow bar with a two-i…
Tesla is preparing to extend its presence significantly in the Chinese energy sector. The North American company has concluded a pioneer agreement for the construction of a energy storage centre in large batteries...
The energy storage power plant is said to have an investment volume of $500 million.
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