Tesla stock
Tesla and independent energy company NatPower announced a $5 billion strategic agreement on June 24, 2026, to construct 25 gigawatt--hours (GWh) of battery storage capacity across Italy and the United Kingdom. This project represents the initial phase of a long--term collaboration intended to eventually surpass 100 GWh of total storage. Tesla will supply its Megapack systems and proprietary energy trading software to facilitate grid balancing and renewable energy integration. This contract significantly bolsters Tesla Energy's presence in the European utility market and provides a substantial long--term revenue stream through both hardware sales and software--as--a--service (SaaS) trading fees.