
Tesla (TSLA) has signed a massive contract with Intersect Power for a large battery energy storage system (BESS) project that will require 15.3 GWh of Megapacks to meet its needs. To give an idea of scale for this deal, Tesla says it deployed 9.4 GWh of energy storage products in Q2 of this year - the highest amount in a single quarter. In 2023, Tesla's total energy storage shipments came to 14.7 GWh.
Tesla previously supplied Intersect with Megapacks for its base portfolio of solar and storage facilities totaling 2.4 GWh currently in operation. This includes 1 GWh at the Oberon solar and storage facility as well as 448 MWh at California's Athos III facility.
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Intersect says it is currently installing the additional 1 GWh of Tesla Megapacks at its Radian and Lumina solar and storage facilities in Texas, which should be fully operational within the year.
For this latest agreement, Intersect says it will utilize over half of the new Megapacks for four projects in California and Texas that aim to be online by the end of 2027. At that time, these will be some of the largest battery storage installations in the country.
“Intersect continues to be an exceptional partner, and their development expertise combined with the plug-and-play nature of Tesla’s vertically integrated technology enables the speed and scale needed to enhance grid resilience and support greater renewables integration,” said Mike Snyder, Senior Director of Tesla Energy.
The company develops, owns, and operates some of America's largest and most flexibly dispatched battery energy storage systems at its solar and storage facilities in Texas and California.
“No one in the market can match Tesla’s depth of experience in storage technology,” said Sheldon Kimber, CEO of Intersect Power. “This partnership is the foundation of one of the largest and fastest growing storage portfolios in the country here at Intersect Power. This storage franchise is the perfect complement to our multi-billion dollar expansion of renewable generation that is expected to more than triple the size of our company over the next three years.”
These latest Megapacks to be installed at Intersect Power projects are scheduled to be delivered in 2025 and 2026 and will be produced in Tesla’s Megafactory in Lathrop, California.