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.
Covering about 200,000 square meters, the new energy storage project involved a total investment of 1.45 billion yuan ($200 million). Up to 10,000 Megapack storage units are scheduled to be produced there annually.
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 cumulative installed capacity of new energy storage is estimated to reach 100 million kilowatts by the end of this year. New-type energy storage has become new economic drivers in many places in China, as demonstrated by local governments'' industrial planning not only for this year but also for 2027 and even 2030, said Chen.
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