TSLA: Delivering 16 GW Energy Capacity

The framework would aggregate millions of existing demand-side and energy-exporting devices across states into local solutions requiring no additional hardware, software, interconnection, water, or land usage for offtaking parties. - The combined 16 GW resource draws dispatchable capacity from hundreds of thousands of home battery systems operated by Sunrun and Tesla, alongside flexible peak capacity from more than 8M smart thermostats and devices managed by Renew Home. - In Virginia, the companies have more than 300 MW of capacity available for immediate deployment, expected to grow to at least 500 MW by 2030. - The companies also committed to provide capacity to PJM's proposed Reliability Backstop Process; if accepted, PJM would unlock over 1 GW of capacity today. ** Note: The 16 GW headline is not equivalent to firm generation capacity: the footnote mixes installed battery rated MW with a 1-hour HVAC peak-load-shift estimate, so duration, availability, customer opt-in, telemetry, and settlement rules will determine how much is actually bankable for data centers.

The framework does not name a hyperscaler offtaker, minimum revenue commitment, pricing, exclusivity, or utility acceptance, making this more a market-development vehicle than a contracted capacity sale today.

The Virginia detail is the more tangible number: 300 MW available now and at least 500 MW by 2030 in Data Center Alley, materially smaller than the national headline but closer to the load pocket hyperscalers care about.

PJM participation is still conditional on the proposed Reliability Backstop Process being accepted and implemented, which puts the monetization path in market-rule and regulatory hands rather than simply Sunrun/Tesla execution.