Ørsted is expanding energy storage capacity in Texas by procuring Battery Energy Storage Systems (BESS) from Tesla.

The entities involved

• Ørsted →

  World's largest offshore wind developer; operates South Fork Wind (132 MW) and Sunrise Wind (924 MW) in ISO-NE footprint.

  Nothing else this week.

• Tesla →

  American automotive, energy storage and solar power company

  • OpenAI is in talks with BlackRock and UAE investment funds, while AI spending concerns are impacting technology stocks, including Tesla.Sat 16:37
  • Tesla is facing sales declines in the California market, linked to issues with the Cybertruck and intense competition from rivals like the GMC Hummer EV.Sat 01:22
• Texas →

  state of the United States of America

  • Residents are moving from California to Texas due to the high cost of living, while businesses are also shifting their headquarters to Texas.Sat 01:15
  • Mayes Middleton is currently running against Nathan Johnson, a Democrat, for state office in Texas.Sat 00:37

Related events

• Tesla and GE Vernova are both companies operating within the energy generation and storage sector.Oct 24