Tesla, NatPower strike $5B deal for 25 GWh of Megapack storage
23 June 2026 at 15:00
Tesla and independent energy firm NatPower have reached a deal to build 25 gigawatt-hours of battery storage in Italy and Britain, the first phase of a program worth up to $5 billion.
Under the multiyear agreement, NatPower will deploy Teslaβs Megapack systems and use Teslaβs trading software to decide when to buy and sell electricity β extending Teslaβs reach deeper into Europeβs fast-growing grid storage market.