Tesla Megapack Orders Top $9 Billion in Six Weeks

AUSTIN, Texas — Tesla's energy business is booking deals at a pace its car division would envy. Over the past six weeks, the company has announced more than $9 billion in new Megapack projects totaling over 43 gigawatt-hours of battery storage — enough capacity, by Tesla's math, to help power roughly 5.9 million homes.

The surge is a reminder that Tesla is now a genuine heavyweight in utility-scale storage, not just an automaker. The order book spans continents and pairs with an aggressive push into home-battery aggregation, adding a fast-growing, recurring-revenue dimension to the Tesla story that complements the grid work detailed in our report on the company's virtual power plants.

The Deals Driving the Backlog

Two headline agreements anchor the total. Energy-technology firm Esyasoft signed a Megapack order worth up to $3 billion for more than 15 GWh of systems spanning the U.K., Western Europe, the Gulf and India. Separately, Tesla and independent energy company NatPower announced the first phase of a program to build 25 GWh of storage across Italy and Britain, with construction costs estimated at $4 billion to $5 billion — and a broader partnership targeting more than 100 GWh and potential revenue topping $15 billion over 20 years.

Smaller wins are stacking up too, including an $80 million order from Belgium's Energy Solutions Group for a 76-megawatt, 304-megawatt-hour system slated to connect to the grid in 2027. Together, the contracts point to a deep and diversified pipeline rather than a one-off spike, as Yahoo Finance noted in its rundown of the backlog.

Storage Meets the AI Power Crunch

The timing is no accident. Data centers racing to feed artificial-intelligence workloads are creating historic demand for fast-deployable power, and grid-scale batteries have become one of the few options that can be sited quickly. Tesla is leaning into that moment, positioning Megapack as critical peaking capacity for utilities and, increasingly, for the tech industry itself.

The company is also expanding a partnership with Sunrun and Renew Home to pool residential batteries and smart devices into gigawatt-scale virtual power resources for grid operators — a strategy that builds directly on the milestone chronicled in our look at Tesla's one-millionth Powerwall.

A Bigger Piece of the Story

For investors, the growing role of energy storage changes the shape of Tesla's business. Megapack contracts and battery-aggregation deals carry different customer types and payment structures than vehicle sales, and they are landing at a moment when the shares trade near $403. As Tesla heads toward its next earnings report, the energy segment — long overshadowed by cars — is quietly becoming one of the company's most compelling growth engines, and a $9 billion six-week haul is exactly the kind of proof point that gets Wall Street's attention.