Tesla plugs secret mega-battery into Texas grid
(Bloomberg) – Elon Musk is entering the Texas electricity market, with the previously undisclosed construction of a gigantic battery connected to a struggling power grid that nearly collapsed last month. The move marks Tesla Inc.’s first major foray into the epicenter of the U.S. energy economy, a Tesla subsidiary registered as Gambit Energy Storage LLC more a 100 megawatt energy storage project in Angleton, Texas, a town about 40 miles south of Houston. A battery of this size could power around 20,000 homes on a hot summer day. Workers at the site kept the equipment safe and deterred onlookers, but a Tesla logo could be seen on a worker’s helmet and public documents helped confirm the company’s role. factory in Fremont, California. A filing with the US Securities and Exchange Commission lists Gambit as a subsidiary of Tesla. Tesla executives did not respond to multiple requests for comment. Tesla shares gave up early on Monday, falling 6% to …
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