A Tesla subsidiary began construction of a large battery pack in Texas after the state experienced power supply problems following a blizzard in February, reported by Bloomberg. At the construction site, workers were seen wearing helmets with the company logo, but the construction is generally carried out in secret: the equipment was covered with cloth, and the photographers were asked not to take pictures, because this is a "secret project", the agency wrote.
It found out that the work is being done by Gambit Energy Storage. From public records, Bloomberg found out that it is registered at the same address in California, where Tesla's office is located. And in one of Tesla's documents filed with the US Securities and Exchange Commission (SEC), the agency found direct confirmation that Gambit Energy Storage is a Tesla subsidiary. Tesla executives did not respond to inquiries.
According to Bloomberg, the capacity of the battery will be more than 100 megawatts - a battery of this capacity can power about 20,000 homes on a hot sunny day, the agency claims. Such batteries are needed in order to store the energy produced by solar panels or wind turbines. You can earn money on them: accumulate energy during reduced tariffs and sell during increased ones, Bloomberg noted.