Tesla and Intersect Power have announced a contract for 15.3 GWh of Tesla’s Megapack battery energy storage systems for Intersect Power’s solar + storage projects through 2030.
This agreement cements Intersect Power as one of the largest operators of Megapacks globally, with nearly 10 GWh of storage expected by the end of 2027. The new order will be utilized in projects across California and Texas, with the first installations scheduled for delivery in 2025 and 2026 from Tesla’s Megafactory in Lathrop, California.
“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, in a statement on Thursday.
“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, which develops, owns, and operates large-scale Battery Energy Storage Systems (BESS), currently has 2.4 GWh of Tesla Megapacks in operation or under construction. This includes facilities in Texas and California, with new installations scheduled to become operational by the end of 2027.
Tesla revealed that in Q2, its energy storage business hit a new sales record. Contracts like these continue to show that the company’s energy business is growing at a massive rate.