California cuts funding for nation’s largest virtual power plant
With California facing a $12 billion budget shortfall, the state’s lawmakers opted not only against a boost in funding for its flagship virtual power plant program as initially planned, but to not renew its funding all together.
California’s virtual power plant program helped prevent blackouts and reliance on fossil fuels. Now its future is in jeopardy.
Gov. Newsom pushed off making a decision over the fate of a program to prevent California’s blackouts and lower costs, but now his time to make a decision is running out — and so is the program’s funding.
Tesla unveils new generation of utility-scale batteries
Tesla introduced the Megapack 3 and the Megablock, marking a leap toward faster deployment, greater scalability, and higher energy density.
Batteries could be the catalyst for the next phase of the AI boom
On-site storage paired with hydrogen and solar could unlock reliability and scalability for next-gen data centers.
Tesla remains top global battery energy storage system integrator
Tesla retained the top spot for global market share of battery energy storage systems, though the gap is closing in the “incredibly intense” competitive landscape, said Wood Mackenzie.
Tesla taps LG Energy for $4.3 billion energy storage deal
Tesla has selected LG Energy Solution (LGES) to supply lithium iron phosphate (LFP) batteries for its US energy storage products in a deal reportedly worth $4.3 billion, according to South Korean media.
Tesla Energy has quietly become the company’s most profitable division
After years of negative margins, Tesla’s energy division is now a key driver of profitability. So far in 2025, the division has contributed 23% of Tesla’s total profit while accounting for just 13% of revenue, boosting the company’s overall profitability by nearly 2 percentage points.
Tesla deploys 9.6 GWh of batteries in Q2, 10 GWh Nevada cell factory ‘nears completion’
The electric vehicle company reported flat energy storage growth quarter over quarter but nearly 50% growth year to date compared with 2024. Tesla has deployed 37.9 GWh over the past four quarters and is approaching 100 GWh total deployed.
RFP alert: Massachusetts takes steps toward 40 GWh of energy storage
The Commonwealth issued a draft request for proposals of 1.5 GW of batteries with storage durations of 4 to 10 hours, primarily funded through the state’s Clean Peak Standard. The procurement is part of a broader effort to procure 5 GW of energy storage by 2030.
U.S. residential solar falls to lowest-ever $2.50 per watt, said EnergySage
Quotes for rooftop solar projects are averaging $28,750 before incentives, said the marketplace operator.
