Where to find the energy storage business park

Where is Tesla launching a Megapack battery?

The products will be sold worldwide. Megapack is a powerful battery that provides energy storage and support, helping to stabilize the grid and prevent outages, information on Tesla's website shows. The company's new plant will be located in the Lin-gang Special Area of China (Shanghai) Pilot Free Trade Zone.

Can energy storage be used in Shanghai?

Normally, energy storage can be divided into two segments. The first is utility-scale storage, also known as grid storage, which is built alongside wind and solar farms, typically in remote areas. This is unlikely to have a major application in Shanghai.

What will Shanghai's energy-storage project do?

Zhuang Mudi, deputy secretary-general of the Shanghai municipal government, said the project will help drive the development of the new energy-storage industry, as well as the green and low-carbon transformation of Shanghai.

How much electricity does a Megapack store?

Resembling a white shipping container, Megapack weighs over 38 tons and can store 3.9 megawatt hours of electricity – enough to power 3,600 households for one hour. Official reports indicate that the initial production plan targets an annual output of 10,000 Megapack units, matching the capacity of Tesla's Lathrop, California, factory.

Does Tesla have energy storage?

Tesla entered the energy storage sector in 2015, and launched Megapack in 2019. Its energy storage business has since grown apace. Its total deployment in 2023 reached 14.7 gigawatt hours, a 125 percent year-on-year increase – more than seven times the figure in 2019.

What is China's energy storage capacity?

Currently, China's annual newly installed energy storage capacity is about 50 gigawatt hours, a fourth of the global total. In this January 17 file photo, energy storage cabinets are ready to be shipped abroad at the port of Suzhou, Jiangsu Province. Who are the end-users?