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How Investors Are Reacting To Tesla (TSLA) Expanding Grid-Scale Storage With New SPIE Megapack Deal
Earlier this month, SPIE announced a three-year renewable European framework agreement with Tesla to deploy Megapack-based battery energy storage systems, covering engineering, grid connections, and commissioning across its specialist subsidiaries.
The deal underlines Tesla’s push to monetise its energy technology beyond vehicles, as grid-scale storage becomes more important for integrating renewable power and maintaining network stability.
We’ll now examine how Musk’s renewed pay package...