Tesla has signed a $2.7 billion battery and equipment supply agreement with Georgia Power, spanning four utility-scale storage sites statewide.
The agreement, outlined in Georgia Power’s filings for a 500 MW energy storage approval, includes sites like Robins, Moody, Hammond, and McGrau Ford, each paired with Tesla’s 3.9 MWh Megapack 2 XL units and scheduled to go live between 2026 and late 2026.
Tesla is expected to generate over $800 million in profit from this contract, thanks to increasing margin strength in its energy storage division, where Q1 2025 revenue reached $2.7 billion.
With deployments skyrocketing 150%+ YoY and storage now contributing over a quarter of Tesla’s gross profit, the Georgia deal underscores the critical role of Megapack in the company’s massive revenue growth and grid-scale dominance.
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