NatPower and Tesla sign $5B deal for battery storage in Italy and UK
NatPower and Tesla announced a multiyear agreement to deploy over 25 GWh of battery storage in Italy and the UK, the first phase of a project valued at $4–5 billion. Tesla will supply Megapack systems and its Autobidder trading platform. The partnership aims to support renewable energy integration, grid stability, and power for data centers. Long-term targets exceed 100 GWh, with projected revenue over $15 billion across 20 years.
Cross-source coverage
Wire timeline
NatPower and Tesla Strike 25 GWh European Battery Storage Deal
NatPower has signed a multi-year agreement with Tesla to deploy over 25 gigawatt-hours of battery energy storage systems across Europe, with initial projects in Italy and the United Kingdom. Tesla will supply its Megapack technology, engineering, procurement, and construction services, as well as energy trading optimization via its Autobidder platform. The partnership integrates project development, financing, construction, and energy trading into a single framework to accelerate large-scale battery deployment. The first phase includes five projects, part of a broader pipeline targeting over 100 GWh of storage capacity. NatPower estimates the full program could represent $4 billion to $5 billion in construction value and generate more than $15 billion in revenue over 20 years. The deal underscores the growing importance of large-scale energy storage in Europe to support electrification, renewable energy integration, and the expansion of AI infrastructure and data centers.
Yahoo FinanceTesla and NatPower Strike Billion-Dollar Battery Storage Deal for Italy and UK
Tesla and energy developer NatPower announced a multiyear agreement to deploy over 25 gigawatt hours (GWh) of battery energy storage capacity across Italy and the United Kingdom, with a long-term ambition to exceed 100 GWh of installed capacity. The initiative, structured around five initial projects, carries total construction expenditure estimated between $4 billion and $5 billion and is projected to generate over $15 billion in revenue over a 20-year period. Tesla will supply its Megapack battery systems and the Autobidder trading optimization platform, while NatPower will own and operate the projects. The companies emphasized the deal's role in providing grid stabilization and dispatchable capacity for data centers and industrial operations, responding to rising electricity demand from AI applications and renewable energy expansion in Europe.
Yahoo FinanceTesla and NatPower Sign Major Battery Storage Deal for Italy and UK
Tesla and NatPower announced a multiyear agreement on June 23, 2026, to deploy over 25 gigawatt-hours of battery energy storage capacity across Italy and the UK. The initiative begins with five initial projects and aims to surpass 100 GWh of installed capacity. Total construction costs are estimated between $4 billion and $5 billion, with potential revenues exceeding $15 billion over 20 years. Tesla will supply its Megapack systems and Autobidder trading optimization platform, while NatPower will own and operate the facilities. The companies emphasized that the deal creates an integrated framework for scaling battery deployments across Europe, addressing rising electricity demand from AI applications and renewable energy expansion. The storage assets are intended to provide grid stabilization and dispatchable power for data centers and industrial operations.
Yahoo FinanceTesla and NatPower Launch First Phase of Battery Storage Partnership in Europe
Tesla Inc and energy developer NatPower have signed a multi-year agreement to deploy more than 25 gigawatt-hours (GWh) of battery energy storage systems across Italy and the United Kingdom, marking the first phase of a broader European rollout. The initial stage includes five projects that will be owned and operated by NatPower. Tesla will supply its Megapack systems, provide engineering, procurement, and construction services, and offer energy trading via its Autobidder platform with long-term revenue warranties. The partnership targets over 100 GWh of storage capacity ultimately, with total construction costs estimated at $4 billion to $5 billion and projected revenue exceeding $15 billion over 20 years. The batteries aim to support grid stability, enhance renewable energy integration, and provide dispatchable power for large electricity users like data centers and industrial facilities. NatPower's CEO stated the deal creates an ecosystem aligning capital and execution replicable across markets. Tesla shares fell 4% on the announcement amid a broader tech downturn.
Yahoo FinanceTesla and NatPower Launch First Phase of Battery Storage Partnership in Europe
Tesla Inc. and energy developer NatPower announced a multi-year partnership covering over 25 gigawatt-hours (GWh) of battery energy storage systems across Italy and the United Kingdom, marking the first phase of a broader European deployment. The initial stage includes five projects owned and operated by NatPower, with Tesla supplying Megapack battery systems, engineering, procurement, and construction services, as well as energy trading via its Autobidder platform and long-term revenue warranties. The overall program targets more than 100 GWh of storage capacity, with total construction costs estimated at $4-5 billion and projected revenue exceeding $15 billion over 20 years. The installations aim to support grid stability, renewable integration, and provide dispatchable power for large electricity users such as data centers. Tesla shares fell 4% following the announcement amid a broader tech downturn.
Yahoo FinanceNatPower and Tesla Sign Deal for First Phase of $5 Billion Battery Storage Project
Independent energy firm NatPower and Tesla announced a multiyear agreement on June 23, 2026, to build 25 gigawatt hours (GWh) of battery storage in Italy and Britain, the initial phase of a project valued at $4–5 billion. The deal involves Tesla supplying its Megapack battery storage systems and trading technology to optimize electricity buying and selling. The program ultimately aims to exceed 100 GWh of storage capacity, with potential revenue over $15 billion across 20 years. This partnership is part of Europe's broader push to deploy battery storage to support the expansion of intermittent renewable energy. NatPower CEO Fabrizio Zago highlighted that the ecosystem enables alignment between capital and execution, and can be replicated in multiple markets.
Yahoo FinanceNatPower and Tesla Reach Deal on First Phase of $5 Billion Battery Storage Plan
Independent energy firm NatPower and Tesla announced a multiyear agreement to build 25 gigawatt hours (GWh) of battery storage in Italy and Britain, marking the first phase of a project valued at up to $5 billion. The deal aims to support Europe's integration of intermittent renewable energy by using Tesla's Megapack battery systems and trading technology to manage electricity buying and selling. Five initial projects will be constructed, with the ultimate goal of exceeding 100 GWh of storage capacity. The companies stated that construction costs will range from $4 billion to $5 billion, with potential revenue exceeding $15 billion over 20 years. NatPower CEO Fabrizio Zago highlighted that the partnership creates an ecosystem aligning capital and execution, replicable across multiple markets.
Yahoo Finance