Clearway Announces Major Energy Storage Procurement Order from Tesla

Published: 2025-06-06 09:34:02 ET TSLA

Published on 06/06/2025 at 09:34

SAN FRANCISCO - Clearway Energy Group ('Clearway') announced several battery storage agreements with Tesla, Inc. totaling 490 MW/1,356 MWh.

The deal marks a substantial step forward in Clearway's growing fleet of energy storage systems, which provide reliability services throughout the country, and adds to its existing 520 MW/1,680 MWh order of Tesla megapacks, presently being installed and commissioned in Utah and Texas.

'Energy storage plays an essential role in our nation's energy security, affordability and reliability,' said Frances Cook, Vice President of Procurement at Clearway. 'We're pleased to partner with Tesla to supply our grid-enhancing systems with American-made energy storage equipment.'

Tesla's Megapack 2 XL units will be fully manufactured in Lathrop, California, and a portion of the battery cells will be manufactured at Tesla's Sparks, Nevada, facility.

All deliveries are scheduled for 2026 to furnish projects in Clearway's California and Colorado portfolios.

About Clearway Energy

Clearway Energy Group's vision is a world powered by clean energy. Along with our public affiliate Clearway Energy, Inc., our portfolio comprises approximately 11.8 GW of gross generating capacity in 26 states, including 9.1 GW of wind, solar, and battery energy storage assets, and over 2.8 GW of flexible dispatchable power generation providing critical grid reliability services. As we develop a nationwide pipeline of new energy projects for the future, Clearway's operating fleet generates enough reliable electricity to power more than 2 million homes today. Clearway Energy Group is headquartered in San Francisco with offices in Denver, Houston, Phoenix, Princeton, and San Diego. For more information clearwayenergygroup.com.

Clearway Energy, Inc. is one of the largest owners of clean energy generation assets in the U.S. and is leading the transition to a world powered by clean energy. Our portfolio comprises approximately 11.8 GW of gross capacity in 26 states, including approximately 9.1 GW of wind, solar and battery energy storage systems and approximately 2.8 GW of flexible dispatchable power generation providing critical grid reliability services. Through our diversified and primarily contracted clean energy portfolio, Clearway Energy endeavors to provide its investors with stable and growing dividend income. Clearway Energy, Inc.'s Class C and Class A common stock are traded on the New York Stock Exchange under the symbols CWEN and CWEN.A, respectively. Clearway Energy, Inc. is sponsored by its controlling investor, Clearway Energy Group LLC. For more information, visit investor.clearwayenergy.com.

Contact:

HQ in San Francisco, CA

100 California Street, Suite 650

San Francisco, CA 94111

Tel: 415-627-1600