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NatPower, Tesla reach deal on first phase of $5 billion battery storage plan
Key takeaways
- Nat Power, Tesla reach deal on first phase of $5 billion battery storage plan FILE PHOTO: The logo of Tesla is seen on a Tesla Model Y during Tesla Inc.'s official launch in Bogota, Colombia, November 20, 2025.
- Countries across Europe are ramping up battery storage projects to help balance the rollout of intermittent renewable power capacity.
- Under the multiyear agreement, NatPower will use Tesla s Megapack battery storage system.
Nat Power, Tesla reach deal on first phase of $5 billion battery storage plan FILE PHOTO: The logo of Tesla is seen on a Tesla Model Y during Tesla Inc.'s official launch in Bogota, Colombia, November 20, 2025. REUTERS/Luisa Gonzalez/File Photo · Reuters By Simon Jessop and Susanna Twidale Tue, June 23, 2026 at 3:56 PM GMT+7 1 min read TSLA By Simon Jessop and Susanna Twidale
LONDON, June 23 (Reuters) - Independent energy firm Nat Power and Tesla said on Tuesday they had reached a deal to build 25 gigawatt hours of battery storage in Italy and Britain, the first phase of a project worth up to $5 billion.
Countries across Europe are ramping up battery storage projects to help balance the rollout of intermittent renewable power capacity.
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