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Tesla says its new Megablock can cut costs for renewable energy storage.

Tesla says its new Megablock can cut costs for renewable energy storage.

At an event in Las Vegas yesterday, Tesla revealed a new utility-scale battery configuration that it claims can significantly lower construction costs for utilities, along with faster installation. Its new “Megablock” is pre-engineered; more assembly done in a factory allows for 23 percent faster installation, according to Tesla. That’s supposed to translate to up to […]

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