Tesla builds first grid-connected energy storage station in China

On June 20, Tesla announced the signing of an agreement to build its first grid-scale energy storage power plant project in mainland China.

This is an important step forward for the electric vehicle giant in the field of renewable energy in the billion-people market.

In a post on China's Weibo social media platform, Tesla said the project is expected to provide effective support for the flexible adjustment of grid resources and effectively address the pressure related to urban power supply.

Tesla also emphasized that once completed, the project is expected to become the largest grid-connected energy storage project in China.

Such energy storage systems play a key role in enhancing grid stability, especially in the context of increasing electricity supply from solar and wind power.

According to Chinese media outlet Yicai, the signing ceremony for the project agreement took place on June 20 with the participation of Tesla Shanghai, the Shanghai government and China Kangfu International Leasing Company. The agreement is said to have a total investment of up to 4 billion yuan (about 560 million USD).

The deal comes amid strained relations between Washington and Beijing, with the two sides still unable to reach a long-term trade deal following tariffs announced by US President Donald Trump.

However, earlier this month, the US and China reached a framework agreement after two days of high-level negotiations in London, opening up new prospects in resolving trade disputes between the world's two largest economies./ .

(Vietnam News Agency/Vietnam+)

Source: https://www.vietnamplus.vn/tesla-xay-tram-luu-tru-nang-luong-luoi-dien-dau-tien-tai-trung-quoc-post1045620.vnp