China's Largest Grid-Scale Battery Power Plant

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Tesla has signed its first deal to build a grid-scale battery power plant in China, which will be the largest of its kind in the country upon completion. The project involves utility-scale battery energy storage systems to help balance electricity supply and demand, addressing the mismatch caused by intermittent energy sources like solar and wind. The deal, worth 4 billion yuan ($556 million), was signed by Tesla, the local government of Shanghai, and China Kangfu International Leasing. Tesla's Shanghai factory has produced over 100 Megapacks, each capable of providing up to 1 megawatt of power for four hours. The project aims to regulate urban electricity, ensuring safe, stable, and efficient power supply.