Tesla stuns the energy world with announcement of latest game-changing project: 'Good on Texas'

Elijah McKee | Source: TCD | Posted 12/17/2024

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For a long time, the name Tesla was synonymous with electric cars — but that's no longer the company's primary business. In fact, EVs are not even its largest profit maker anymore, Teslarati reported.

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A new project supporting the electrical grid in North Texas, powered by Tesla Megapacks, is now operational. While Tesla was historically known for its electric cars, its primary business focus has shifted towards energy, with battery storage technology becoming a significant revenue stream. The latest Powerwalls for residential and commercial use, alongside Megapacks for grid support, are driving this transition.

The Texas Megapack installation, with a massive capacity of 125 megawatts, illustrates the growing role of battery storage. These efforts not only reinforce electrical grids and provide emergency power backup but also enhance various energy projects, including solar and wind power utilization. Tesla's expanding energy storage sector, evident in the surge of battery projects, demonstrates its commitment to advancing sustainable energy solutions and meeting increasing global demand for grid stability.

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Source Link: https://www.thecooldown.com/green-business/tesla-megapacks-texas-grid-battery-project/

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Tesla stuns the energy world with announcement of latest game-changing project: 'Good on Texas'

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