Tesla secures an absolutely massive multi billion dollar Megapack order
As renewable energy is rolled out globally it still needs massive amounts of Grid Scale Storage, and this is Tesla's largest battery storage by far globally.
Key takeaways
- Tesla has secured an absurdly large contract to provide over 15 GWh of Megapack to California’s Intersect Power.
- The Megapack has become the go-to, poster child product for large-scale energy storage around the globe.
- Today, Intersect Power announced that it secured a contract for Tesla to provide them 15.3 GWh of Megapacks through the next 5 years.
Cite or link to this article
Griffin, M. (2024) 'Tesla secures an absolutely massive multi billion dollar Megapack order', 311 Institute, 25 October. Available at: https://www.311institute.com/tesla-secures-an-absolutely-massive-multi-billion-dollar-megapack-order/ (Accessed: 1 October 2026).
Tesla has secured an absurdly large contract to provide over 15 GWh of Megapack to California’s Intersect Power. The Megapack has become the go-to, poster child product for large-scale energy storage around the globe.
It’s by far Tesla’s fastest-growing product and enabled the company to deploy a record of 9.4 GWh of energy storage last quarter – more than twice the last record.
Now, Tesla has secured its biggest Megapack contract to date and it is absurdly large. Today, Intersect Power announced that it secured a contract for Tesla to provide them 15.3 GWh of Megapacks through the next 5 years.
Intersect Power wrote in a press release: “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.”
As mentioned above, most of that capacity is expected to be deployed within the next 2 years, which means a significant part of Tesla’s capacity, which is currently ramping to 40 GWh per year, is going to go to Intersect.
Intersect currently only “2.2 GW of operating solar PV and 2.4 GWh of grid scale storage in operation or construction.” So this is a big step up for them, but the 10 GWh of projects planned for the next 2 years are reportedly already in the pipeline.
Mike Snyder, Senior Director of Tesla Energy, commented on the new partnership with Intersect: “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.”
Sheldon Kimber, CEO of Intersect Power, added: “No one in the market can match Tesla’s depth of experience in storage technology. 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.”
FAQ
Why does this matter?
As renewable energy is rolled out globally it still needs massive amounts of Grid Scale Storage, and this is Tesla's largest battery storage by far globally.
About the author
Matthew Griffin Founder, 311 Institute
Matthew Griffin is a multi-award winning Futurist and expert in Disruption and Innovation, Geopolitics, Leadership, and Technology, who NASA have described as a "walking encyclopaedia of the future" and a "futurist Polymath."
Read full bio
Matthew Griffin is a multi-award winning Futurist and expert in Disruption and Innovation, Geopolitics, Leadership, and Technology, who NASA have described as a "walking encyclopaedia of the future" and a "futurist Polymath." 15-time best selling author of the "Codex of the Future" series, Matthew is the Founder and Futurist in Chief of the 311 Institute, a global Futures and Deep Futures advisory firm working with royal households, world leaders, G7, G20, and G77 governments, NGOs, and multi-national mid and mega cap firms to help them explore, shape, and lead the next 50 years of business and society.
An award-winning YouTube creator with over a million followers, with an unrivalled global reach and impact, Matthew is a highly sought-after international keynote speaker, lecturer, and mentor who collaborates with global leaders through the United Nations Alliance of Civilizations (UNAOC) and United Nations General Assembly (UNGA) to shape pivotal initiatives such as the UN’s AI for Humanity program, the United Nations Conference of the Parties (UN COP), and the World Economic Forum in Davos.
As the former Global Head of Cloud, National Security, and Enterprise Sales for companies including Atos, Dell-EMC, and IBM, Matthew has a proven track record of building multi-billion dollar business units and turning failing divisions into market leaders. His ability to identify, analyse, and communicate the implications of hundreds of emerging technologies and trends is unparalleled, and his insights are trusted by many of the world’s most respected organisations, including ABB, Accenture, Adidas, AON, ARM, BCG, Centrica, Citi, Coca-Cola, Dentons, Deloitte, Dow Jones, EY, Google, KPMG, Lego, Legal & General, LinkedIn, Microsoft, PepsiCo, Qualcomm, RWE, Samsung, Siemens AG and Siemens Energy, T-Mobile, UBS, VISA, Walmart, Workday, Worldpay and many others.
Regularly featured in the global media including the AP, BBC, Bloomberg, CNBC, Discovery, Forbes, Khaleej Times, Telegraph, TIME, ViacomCBS, WIRED, and the WSJ, Matthews mission is to help organisations create a fair and sustainable future whose benefits are shared by everyone irrespective of their ability, background, or circumstances.
What future do you need to see?
Choose one to get started on earth and energy and the future of your organisation.
Source: first published by the 311 Institute on 25 October 2024. Cite as: Griffin, M. (2024). Tesla secures an absolutely massive multi billion dollar Megapack order. 311 Institute. https://www.311institute.com/tesla-secures-an-absolutely-massive-multi-billion-dollar-megapack-order/
You are welcome to quote this article with credit and a link to the original.