What is the scope and value of the first phase of NatPower and Tesla's battery storage collaboration?

The first phase of the collaboration involves building 25 gigawatt-hours of battery storage in Italy and Britain using Tesla's Megapack system, representing the initial step of a larger project valued at up to $5 billion, with an ultimate goal exceeding 100 GWh of total storage capacity and potential revenue surpassing $15 billion over 20 years.

How does NatPower plan to leverage Tesla's technology beyond hardware in this agreement?

Beyond deploying Tesla's Megapack battery storage system, NatPower will also use Tesla's trading technology to manage the timing of electricity purchases and sales, enabling optimized energy market participation as part of their multiyear agreement.

NatPower, Tesla reach deal on first phase of $5 billion battery storage plan

Jun 22, 2026

NatPower and Tesla have signed a deal to construct 25 GWh of battery storage in Italy and Britain using Tesla's Megapack system. This marks the first phase of a $5 billion initiative targeting over 100 GWh total capacity.

reuters

2026-06-22

NatPower, Tesla reach deal on first phase of $5 billion battery storage plan

NatPower, Tesla reach deal on first phase of $5 billion battery storage plan

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