Tesla Power USA to lease BESS worth USD 1 bn in next 3 years
Tesla Power USA on Thursday said it will lease battery energy storage system (BESS) worth USD 1 billion under its new ‘power as a service’ model in the next two to three years. The company said that it will contribute to the increasing energy demand in India by providing BESS on a leasing model to Indian companies, converting their capex investment into OPEX (operational expenditure).
“Tesla Power USA, the fastest growing brand of batteries in India, plans to deploy USD 1 billion (Rs 7,500 crore approximately) in India in the next two to three years offering its unique OPEX-based model ‘Power as a Service’ (PaaS),” a company statement said.
