Energy Transition Update - SPIE and Tesla Unite for European Battery Storage Expansion

SPIE has signed a European framework agreement with Tesla to advance the deployment of battery energy storage systems (BESS) using Tesla Megapack solutions, reinforcing their collaborative efforts in the energy transition sector. This agreement spans all European subsidiaries of SPIE with relevant expertise and aims to standardize the operational execution of Megapack projects across Europe, with active projects in Belgium, the Netherlands, and France. The initiative is poised to enhance the integration of renewable energy sources into the power grid, thus contributing to a more flexible and resilient energy network across the continent. The collaboration highlights SPIE's strategic role in facilitating decarbonization efforts and developing sustainable energy infrastructures in Europe.

• Tesla (NasdaqGS:TSLA) last closed at $475.31 up 3.6%, hovering around its 52-week high.

In other trading, Dian Swastatika Sentosa (IDX:DSSA) was trading firmly up 6.1% and ending trading at IDR107,000.00. In the meantime, Fermi (NasdaqGS:FRMI) lagged, down 14.9% to close at $8.59, hovering around its 52-week low.

Tesla's strategic shift to a software-driven model aims for high-margin, recurring revenues through autonomous services and subscriptions. Click to explore the company's evolving landscape and potential for growth.

Don't miss our Market Insights article, "Rare Earths: Tiny Market, Outsized Influence," which highlights rare earths' pivotal role in energy transition and national security. Read now to understand which stocks might not just survive, but thrive.

Best Energy Transition Stocks

• GE Vernova (NYSE:GEV) ended the day at $681.35 up 1.4%.
• Chevron (NYSE:CVX) ended the day at $149.80 down 0.1%.
• Equinor (OB:EQNR) settled at NOK232.40 down 0.1%, not far from its 52-week low.

Where To Now?

• Unlock more gems! Our Energy Transition Stocks screener has unearthed 183 more companies like Baoshan Iron & Steel, Huaneng Power International and Hotai MotorLtd for you to explore.
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Sources:

• Simply Wall St
• " SPIE signs a European framework agreement with Tesla for the deployment of battery energy storage systems (BESS)" from SPIE SA on GlobeNewswire (published 15 December 2025)

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