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Tesla revamps the Megapack in attempt to reverse its declining storage business
Tesla's energy storage business could use a boost after reporting two consecutive quarters of declining installations.
The new battery product known as Megapack 3, which Tesla revealed late Monday, are a bid to lure utilities and data center developers that are desperate for power. Tesla’s energy storage business could use a shot in the arm after reporting two consecutive quarters of declining numbers this year. The AI company has added 168 Megapacks at its data center in South Memphis, Tennessee, though it’s apparently exploring the addition of more dozens more gas turbines.
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