Video: Tesla's Journey To Create $150M Megapack Battery System From The Ground Up

In a new development, CS Energy unveils a timelapse video of its $150 million Tesla Inc. (NASDAQ:TSLA) Megapack project under construction in Queensland, Australia, Electrek reported.

The Megapack, which was launched in 2019, has become a preferred choice for utility-scale energy storage projects. The product has significantly boosted Tesla’s energy storage capacity, registering a 222% yearly increase.

The Megapack, a container-sized “3 MWh battery system” with integrated modules, inverters, and thermal systems, is 60% more energy-dense than Tesla’s Powerpack. Its upgraded version, with a 3.9 MWh capacity, also comes prepped for installation.

See Also: Starlink Says Its Dimmed New Satellites For Astronomers: ‘Firmly Believe In The Importance Of Protecting The Night Sky’

CS Energy’s Chinchilla Battery system, which boasts a 200 MWh Megapack system, is a significant contributor to the Megapack’s growth. The company recently shared a timelapse video demonstrating the construction of this major battery project.

The new system is anticipated to enhance the state’s utilization of renewable energy and stabilize the grid. The project, initially announced last year, is on track for completion by the end of 2023.

In the Australian energy market, Tesla is not only addressing large-scale energy storage with the Megapack but is also working on improving the use of distributed energy storage assets like the Powerwall.

Read Next: Peter Thiel, Mark Cuban and Warren Buffet funded early-stage startups and made millions. You don't need to be a well-connected billionaire to do the same. Click here to invest in promising startups today.

Image credits: Tesla Megapack