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- Jun 23, 202690% CONFIDENCEfrom the source
Tesla and NatPower Sign a 25 GWh Megapack Deal for Italy and the UK
- NatPower and Tesla announced on 23 June 2026 a multi-year supply and execution agreement for more than 25 GWh of battery energy storage in Europe[1]
- The projects will be sited in Italy and the United Kingdom and owned and operated by NatPower; Tesla supplies Megapacks, engineering, procurement and construction, and trading services with long-term revenue warranties through its Autobidder platform[1]
- Five initial projects form the first phase of a programme targeting more than 100 GWh; aggregate construction value is estimated at $4-5 billion, with project revenues expected to exceed $15 billion over 20 years[1][3]
- The storage is meant for grid stabilisation, renewable optimisation and dispatchable capacity for data centres and heavy industry[1]
- 'What we have built with Tesla is an ecosystem that enables alignment between capital and execution,' said NatPower chief executive Fabrizio Zago; Tesla energy vice president Mike Snyder said Tesla would help bring the projects online faster[1]
- Tesla shares were down about 3.3% before the open that day, weighed by an unrelated report of leaked documents[3]
- Tesla deployed a record 46.7 GWh of storage in 2025, about 48% more than in 2024[3]
References 382% CONFIDENCEOverall confidence: 82%How well the pin's source and references back up its dates.Weighted average of how firmly 3 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better
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- [1]90%natpower.com/2026/06/23/natpower-and-tesla-sign-a-strategic-agreement-for-more-than-25-gwh-of-battery-energy-storage-systems-in-europe-2natpower.com· Posted Sep 28, 2026· Starts Jun 23, 2026 ✓· 40% of score
NatPower release, 'June 23rd, 2026 - NatPower and Tesla have entered into a multi-year supply and execution agreement'.
- [2]70%Tesla starts Megapack 3 production with 28% more energy per unitelectrek.co· Published Aug 6, 2026· 33% of score
Six weeks later, cites the $5 billion, 25 GWh NatPower[1] deal as an example of the demand behind Tesla's new 50 GWh Megapack 3 factory in Brookshire, Texas.
- [3]85%Tesla, NatPower strike $5B deal for 25 GWh of Megapack storageelectrek.co· Published Jun 23, 2026· 27% of score
Reports the deal announced 'Tuesday through Reuters': five initial projects totalling 25 GWh in Italy and Britain, construction cost $4-5 billion, a programme aiming beyond 100 GWh; notes TSLA was down about 3.3% pre-market that day and Tesla's record 46.7 GWh of storage deployed in 2025.[1]
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