Tesla to build grid-side energy storage station in Shanghai
Jun 21, 2025 · The deal, with a total investment of 4 billion yuan (about $556 million), marked Tesla''s expansion into China''s burgeoning energy storage market, paving the way for its
Jun 21, 2025 · The deal, with a total investment of 4 billion yuan (about $556 million), marked Tesla''s expansion into China''s burgeoning energy storage market, paving the way for its
Jun 20, 2025 · 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
Jun 20, 2025 · "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
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Jun 21, 2025 · The deal, with a total investment of 4 billion yuan (about $556 million), marked Tesla''s expansion into China''s burgeoning energy
Nov 9, 2020 · In order to promote the deployment of large-scale energy storage power stations in the power grid, the paper analyzes the economics of energy storage power stations from three
Mar 5, 2024 · How much is the investment in energy storage power station? Investment in energy storage power stations typically ranges from 1.5 to 3 million dollars per megawatt (MW) of
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According to BloombergNEF (BNEF), more than $262 billion of investment will be needed for stationary energy storage by 2030. BNEF's 2021 Global Energy Storage Outlook projects significant growth in this sector, with Yayoi Sekine, the firm’s head of decentralized energy, stating that 'this is the energy storage decade'.
"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.
Capacity for global battery energy storage systems rose 42 gigawatts in 2023, nearly doubling the total increase in capacity observed in the previous year, according to the International Energy Agency. — CNBC's Arjun Kharpal contributed reporting.
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.