XLY - Tesla To Supply Megapacks To Intersect Power: Solar Storage Franchise 'Is The Perfect Complement' | Benzinga
Tesla, Inc. (NASDAQ:TSLA) shares are trading higher today after the Austin, Texas-based company inked a contract with Intersect Power.
The agreement is for 15.3 GWh of Megapacks, to be used for solar and storage projects through 2030.
The agreement makes Intersect Power one of the largest Megapack operators globally, with nearly 10 GWh expected by the end of 2027.
Tesla has previously supplied Megapacks for Intersect Power’s Base Portfolio, totaling 2.4 GWh.
By 2027, over half of the new Megapack order will be used for four projects in California and Texas, including some of the largest battery installations in the U.S.
The rest will support Intersect Power’s projects coming ...