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A key feature of the project will be the production of prismatic lithium-iron-phosphate (LFP) cells, which are characterized by lower cost and high stability, Bloomberg writes. These batteries will be used in Megapack energy storage systems, one of Tesla’s fastest growing business areas. Such solutions allow storing electricity generated from renewable sources and using it during periods of peak demand, which is especially important for the stability of the power grid.
The deal reflects Tesla’s strategic focus on supply chain localization and reducing dependence on foreign manufacturers, primarily from China. At the same time, it fits into the U.S. national policy of developing domestic battery production and strengthening energy security.
Against the backdrop of slowing growth in the electric car market, Tesla’s energy division is showing steady development. At the end of last year, it brought the company a significant share of revenue, continuing to gain momentum due to the growing demand for energy storage infrastructure.
An additional driver of this demand is the rapid expansion of data centers, especially those related to artificial intelligence technologies. Power consumption in this sector is expected to increase significantly in the coming years, reinforcing the need for scalable energy storage systems. Under these circumstances, the partnership between Tesla and LG could be an important step in transforming the US energy market.
