TSLA ContourGlobal says Tesla signed a long-term agreement to buy 90% of Project Sterling’s electricity. The Arizona solar-and-storage
TSLA ContourGlobal says Tesla signed a long-term agreement to buy 90% of Project Sterling’s electricity. The Arizona solar-and-storage development is owned by KKR-backed ContourGlobal. Scheduled to begin operating in 2028, the project will combine 509 MW of peak solar generation with a 360 MW four-hour battery system. It will connect to the Western Area Power Administration grid with access to California. Financial terms were not disclosed. This is the first agreement between Tesla and ContourGlobal, which plans to trade the remaining 10% of the project’s output. The deal gives Sterling an anchor buyer as AI-driven data center growth tightens U.S. power markets.
TSLA ContourGlobal says Tesla signed a long-term agreement to buy 90% of Project Sterling’s electricity.
The Arizona solar-and-storage development is owned by KKR-backed ContourGlobal.
Scheduled to begin operating in 2028, the project will combine 509 MW of peak solar generation with a 360 MW four-hour battery system.
It will connect to the Western Area Power Administration grid with access to California.
Financial terms were not disclosed.
This is the first agreement between Tesla and ContourGlobal, which plans to trade the remaining 10% of the project’s output.
The deal gives Sterling an anchor buyer as AI-driven data center growth tightens U.S. power markets.