Technical FAQs 4

Will Tesla build a grid-scale battery energy storage station in China?

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.

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.

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.

How much power does a battery storage system have in 2023?

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.

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