Tesla's Recent UK Megapack Deal to Supercharge Its Energy Business [Yahoo! Finance]
Tesla, Inc. (TSLA)
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Source: Yahoo! Finance
For Matrix Renewables, this will be its first standalone battery storage project in the UK. For Tesla, it is another clear win in a market that has quietly become one of its strongest for energy storage. The UK grid is turning into a real-world test case for renewable power. As the country pushes toward its Net Zero 2050 goal and Clean Power 2035 ambition, it needs reliable ways to balance intermittent solar and wind generation. That is exactly where Tesla's Megapack comes in. Large-scale batteries allow utilities to store excess energy when supply is high and release it when demand spikes. This makes renewables far more practical at scale. The company has been ramping up production at its Lathrop Megafactory in California specifically to meet growing global demand for grid-scale storage. Last year, Tesla landed a massive multi-billion-dollar contract to deploy more than 15 GWh of Megapacks for Intersect Power in California. While Tesla's electric vehicle (EV) business is dealin
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