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3 hours ago

Tesla and NatPower Partner for 25 GWh European Battery Storage Expansion

Tesla and NatPower have signed a multiyear agreement to deploy over 25 GWh of battery energy storage capacity across Italy and the UK. The first phase includes five projects with estimated investments of $4–5 billion and potential revenues exceeding $15 billion over 20 years. Tesla will provide Megapack systems, construction services, and its Autobidder optimization platform, while NatPower will own and operate the facilities.

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