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Will Tesla build a grid-side energy storage station in Shanghai?
SHANGHAI, June 21 (Xinhua) -- U.S. carmaker Tesla on Friday inked a deal with Chinese partners to build a grid-side energy storage station in Shanghai using its Megapack energy-storage batteries.
Will Tesla build ESS power plant in China?
Kangao Energy, a subsidiary of China Kangfu, will be the executing entity of the project, using Tesla's Megapack batteries to establish a GWh-class independently operated ESS power plant. Chinese media reported that with this project, Tesla will be making its first attempt to construct battery ESS in mainland China with its energy storage products.
Where is Tesla's gigawatt-hour-scale energy storage station located?
The gigawatt-hour-scale energy storage station is to be located in the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone, as per the deal signed by Tesla, the administrative committee of the Lin-gang Special Area, the people's government of Shanghai's Fengxian District, and China Kangfu International Leasing Co., Ltd.
Why did Tesla invest 4 billion yuan in China?
The deal, with a total investment of 4 billion yuan (about 556 million U.S. dollars), marked Tesla's expansion into China's burgeoning energy storage market, paving the way for its facility to connect with the country's vast power grid, the largest in the world.
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