
Tesla and independent energy firm NatPower have reached a deal to build 25 gigawatt-hours of battery storage in Italy and Britain, the first phase of a program worth up to $5 billion.
Under the multiyear agreement, NatPower will deploy Tesla’s Megapack…
The startup has put a spin on repurposing EV batteries, CEO Edward Chiang told TechCrunch.
The duo have teamed up with other companies to launch Utilize, which seeks to change how the grid is used and regulated.
The startup has raised more than $500 million, to date, from investors to build a massive, distributed power plant supported by residential batteries.