NatPower and Tesla have entered into a multi-year supply and execution agreement covering more than 25 GWh of battery energy storage systems (BESS) across European markets. Projects under the agreement will be sited in Italy and the United Kingdom and will be owned and operated by NatPower. Tesla will provide Megapack, their battery energy storage system, as well as EPC and bankable trading services, with long-term revenues warranties, through Tesla’s Autobidder platform.

The agreement goes beyond the supply of technology alone: it establishes an integrated structure combining electrical infrastructure, industrial capacity and advanced energy trading models, which provide the flexibility and certainty required to finance and deliver projects of NatPower’s scale.

As part of this strategic collaboration, Tesla will offer its best and latest product, integrating both technological and financial services. Through this agreement, NatPower strengthens its European leadership in energy infrastructure by developing highly advanced storage assets capable of optimizing electrical capacity for years to come.

This industrial synergy responds rapidly to the power system’s need to address the challenges of the energy transition, further accelerated by growing demand linked to artificial intelligence.

The agreement encompasses five initial projects, in Italy and in the United Kingdom, constituting the first delivery phase of a program with a total capacity target exceeding 100 GWh. Aggregate construction value across the full scope is estimated at $4-5 billion and expected projects revenues exceeding $15 billions over 20 years.

The agreement directly responds to accelerating demand pressures on European power systems, driven by electrification, renewable intermittency, and AI energy demand explosion, where delivery capability has become the primary constraint on energy system expansion.