Tesla signs $3 billion contract with Intersect Power to advance energy storage

Tesla recently announced a contract worth more than $3 billion with Intersect Power, a US new energy company. This is another major breakthrough in the field of energy storage for Tesla's Megapack battery energy storage system. According to the contract, Tesla will provide Intersect Power with 15.3GWh of Megapack battery energy storage systems to support its solar + energy storage project portfolio by 2030.