Tesla and Intersect Power Sign Contract for 15.3 GWh of Megapacks to Construct Solar + Storage Facilities in California and Texas
July 22, 2024
Tesla and Intersect Power have signed a contract for 15.3 GWh of Megapacks, Tesla’s battery energy storage system (BESS), for Intersect Power’s solar + storage project portfolio through 2030.
The agreement, along with previous commitments, will enable Intersect Power to deploy nearly 10 GWh of large-scale energy storage by the end of 2027. Tesla had supplied Megapacks for Intersect Power’s Base Portfolio of solar + storage facilities totaling 2.4 GWh in operation or under construction.
While Intersect Power will use over half of the new Megapacks for four projects in California and Texas, which are expected to achieve operations by the end of 2027, the remaining balance will be utilized in its subsequent portfolio of solar + storage facilities, which will be operational between 2028 and 2030.
“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.
Intersect Power develops, owns, and operates 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, including 1 GWh at the Oberon solar + storage facility and 448 MWh at the Athos III solar + storage facility in California. Currently, the company is installing an additional 1 GWh of Tesla Megapacks at its Radian and Lumina solar + storage facilities in Texas, which are scheduled to be fully operational within 2024.
“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,” said Sheldon Kimber, CEO of Intersect Power.
