Global Battery Storage Boom Is A Boon for Tesla

AI Summary

Tesla's utility-scale battery business is expanding rapidly in Europe amid a global boom in battery storage installations. The company signed a multi-year agreement with NatPower to deploy over 25 gigawatt-hours of battery energy storage systems, supporting Europe's renewable energy goals.

Global battery storage installations are booming, and so is Tesla’s utility-scale battery business. Tesla has just signed a multi-year supply and execution agreement with clean energy infrastructure provider NatPower for more than 25 gigawatt-hours (GWh) of battery energy storage systems (BESS) in Europe, as the continent is accelerating battery deployment to make the most of its domestic renewable energy resources. Europe’s battery storage and renewables-plus-storage installations are booming and set to further accelerate in the coming…