Tesla Provides Intersect Power With 15.3 GWh of Megapacks for Solar + Storage Projects
July 18 2024 - 8:40AM
Business Wire
Tesla and Intersect Power today announced a contract for 15.3
GWh of Megapacks, Tesla’s battery energy storage system, for
Intersect Power’s solar + storage project portfolio through 2030.
This agreement, when combined with previous commitments, make
Intersect Power one of the largest buyers and operators of
Megapacks globally with nearly 10 GWh of large-scale energy storage
expected to be deployed by the end of 2027.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240718837416/en/
Intersect Power is one of the largest
buyers and operators of Megapacks, Tesla’s battery energy storage
system, with nearly 10 GWh of large-scale energy storage expected
to be deployed by the end of 2027. (Photo: Business Wire)
Tesla has previously supplied Megapacks for Intersect Power’s
Base Portfolio of solar + storage facilities totaling 2.4 GWh in
operation or under construction. Intersect Power plans to utilize
over half of this new order of Megapacks for four projects in
California and Texas expected to achieve operations by the end of
2027, including what will be some of the largest battery
installations in the country. The balance will be utilized in
Intersect Power’s subsequent portfolio of solar + storage
facilities, coming online in 2028-30.
“Intersect continues to be an exceptional partner, and their
development expertise combined with the plug-and-play nature of
Tesla’s vertically integrated technology enables the speed and
scale needed to enhance grid resilience and support greater
renewables integration,” said Mike Snyder, Senior Director of Tesla
Energy.
“No one in the market can match Tesla’s depth of experience in
storage technology,” said Sheldon Kimber, CEO of Intersect Power.
“This partnership is the foundation of one of the largest and
fastest growing storage portfolios in the country here at Intersect
Power. This storage franchise is the perfect complement to our
multi-billion dollar expansion of renewable generation that is
expected to more than triple the size of our company over the next
three years.”
Intersect Power develops, owns, and operates some of the
country’s largest and most flexibly dispatched Battery Energy
Storage Systems (BESS) at the company’s solar + storage facilities
in Texas and California. The Megapacks to be installed at the
Intersect Power projects are scheduled to be delivered in 2025 and
2026 and will be produced in Tesla’s Megafactory in Lathrop,
California.
Intersect Power has 2.4 GWh of Tesla Megapacks in operation or
under construction. This includes 1 GWh in operation at the Oberon
solar + storage facility and 448 MWh in operation at the Athos III
solar + storage facility in California. Intersect Power is
currently installing the additional 1 GWh of Tesla Megapacks at its
Radian and Lumina solar + storage facilities in Texas, which will
be fully operational within the year.
About Intersect Power
Intersect Power is a clean energy company bringing innovative
and scalable low-carbon solutions to its customers in global energy
markets. We develop, own, and operate some of the world’s largest
clean energy resources providing low-carbon electricity, fuels, and
related products to customers for U.S. consumption and
international export.
Founded in 2016, Intersect Power is laser-focused on scalable,
transformative clean energy projects that move the needle on deep
decarbonization and redefine the scope of the clean energy industry
by enabling new pathways between clean electricity and the broader
economy.
We have a base portfolio of 2.2 GW of operating solar PV and 2.4
GWh of storage in operation or construction. Our business plan
includes growth in grid-tied renewables, as well as large-scale
clean energy assets, including battery storage, data centers, and
green fuels.
To learn more, visit www.intersectpower.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240718837416/en/
Cate Powers Intersect Power 415-939-3589
Press@intersectpower.com