Tesla, PG&E's Giant Battery Pack Project In California Is Almost Finished

While best known for its vehicles, Tesla Inc (NASDAQ: TSLA) is an energy production and storage company. Tesla offers solar panels for energy production, and batteries for storage ranging in size from home backup to full grid support such as the Hornsdale, Australia Power Reserve. 

Tesla and PG&E Corporation (NYSE: PCG) are working toward the largest battery backup in the world in Moss Landing, California, as shared by InsideEVs. The site has 256 Tesla Megapacks totaling 730MWh of energy storage, equivalent to 7,300 Tesla Model S Long Range vehicles. 

 

At completion, this will be the largest battery storage facility in the world, but there are always bigger systems being built.

"The system will be designed, constructed, and maintained by PG&E and Tesla, and will be owned and operated by PG&E," according to PG&E.  

Construction began in July 2020. 

PG&E expects the Moss Landing storage facility to save more than $100 million over the 20-year life of the project. The system contains the option to upsize if PG&E would like to expand. Tesla can provide more batteries than can relatively easily be added on in the case of an expansion.

No. Subject Date Views
61 Benzinga's Bulls And Bears Of The Week 2021.04.03 339
60 Financial performance - TESLA 2021.03.29 638
59 Financial performance - TESLA 2021.03.29 382
58 Why Tesla Stock Fell Sharply on Friday 2021.03.26 661
57 Why Tesla Stock Fell Sharply on Friday 2021.03.26 327
56 Jim Cramer has some thoughts on the markets. 2021.03.22 614
55 Jim Cramer has some thoughts on the markets. 2021.03.22 362
54 TSLA CALL OPTION $700.00 strike March 26, 2021. 2021.03.22 709
53 TSLA CALL OPTION $700.00 strike March 26, 2021. 2021.03.22 526
52 Billionaire investor Ron Baron’s firm sold 1.8 million Tesla shares 2021.03.04 696
51 Billionaire investor Ron Baron’s firm sold 1.8 million Tesla shares 2021.03.04 522
50 Why Tesla Took Off Standard Range Model Y From Its Offerings 2021.02.23 665
49 Why Tesla Took Off Standard Range Model Y From Its Offerings 2021.02.23 396
48 Cathie Wood's ARK Invest Posts Fund Purchases For Monday, Feb. 22, 2021: DCYHF, FB, OPEN, SURF, RPTX, REGN, EXAS, CMLF, SGFY, U, TXG, TWTR, TSLA, SPOT, PYPL, BEAM, FATE, RAVN, EXPC 2021.02.22 1716
47 Cathie Wood's ARK Invest Posts Fund Purchases For Monday, Feb. 22, 2021: DCYHF, FB, OPEN, SURF, RPTX, REGN, EXAS, CMLF, SGFY, U, TXG, TWTR, TSLA, SPOT, PYPL, BEAM, FATE, RAVN, EXPC 2021.02.22 2018
» Tesla, PG&E's Giant Battery Pack Project In California Is Almost Finished: Video 2021.02.22 698
45 Tesla, PG&E's Giant Battery Pack Project In California Is Almost Finished: Video 2021.02.22 407
44 Melvin Capital boss Gabe Plotkin is a bad guy 2021.02.18 645
43 Melvin Capital boss Gabe Plotkin is a bad guy 2021.02.18 667
42 Tesla's Unusual Options Activity 2021.02.17 673