Tesla, Shanghai Sign $557 Million Energy Storage Station
The deal involving an investment of 4 billion yuan ($556.8 million) was signed between the U.S. automaker, China Kangfu International Leasing Co and the Shanghai local
The deal involving an investment of 4 billion yuan ($556.8 million) was signed between the U.S. automaker, China Kangfu International Leasing Co and the Shanghai local
On May 15, the Hainan Talatan 255 MW × 4h energy storage project, developed by China Energy Investment Corporation Co., Ltd. (CHN Energy)''s Qinghai Gonghe Company,
(Yicai) June 23 -- Chinese clean energy company Kangfu International Leasing is joining forces with US electric vehicle giant Tesla to construct an energy storage power plant in Shanghai
The deal was signed between Tesla Inc., China Kangfu International Leasing Co., and the Shanghai municipal government. The station will be located in Shanghai, adjacent to
It will be Tesla''s first grid-side energy storage station to be built on the Chinese mainland. Dong Kun, general manager of Tesla China''s energy business, said the station,
Tesla, China Kangfu International Leasing, and the Shanghai Municipal Government signed a cooperation agreement to build an energy storage power station, which
Tesla has signed its first deal to build a grid-scale battery power plant in China. The U.S. company posted on the Chinese social media service Weibo that the project would
On February 28, the Gansu Provincial Development and Reform Commission released the "List of Major Provincial Construction Projects for 2025," which includes over 20
The gigawatt-hour-scale energy storage station is to be located in the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone, as per the deal signed by Tesla, the
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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.
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.
"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.
BEIJING (Reuters) -Tesla's first China grid-scale battery storage station using its megapack batteries will be located in Shanghai, local media Yicai reported on Friday.