Peak Valley Energy Storage Power Station Project Investment

Will Tesla's first grid-side energy storage station be built in China?

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, once launched, will participate in electricity spot trading, helping balance peak and off-peak power demand in the local grids and enhance grid stability.

Why is Zhejiang's pumped storage power station important?

The pumped storage power station in Zhejiang is not only a major project requiring intensive technology and capital, but also a critical measure in transforming the energy structure and promoting green, low-carbon development, said Zhu Gongshan, chairman of GCL Group.

Why is Tesla building a large-scale energy storage facility in China?

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.

Where is Tesla's gigawatt-hour-scale energy storage station located?

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 administrative committee of the Lin-gang Special Area, the people's government of Shanghai's Fengxian District, and China Kangfu International Leasing Co., Ltd.