Mike Snyder, VP of Tesla Energy, walks us through the next chapter of utility-scale energy storage. Megapack is our utility-scale energy storage platform, a key part of our mission to achieve sustainable abundance via sustainable energy. Megapack stores energy when production is high & discharges/releases it when the grid needs it – balancing renewables & supporting a reliable grid. Megablock is our pre-engineered medium-voltage block: – Designed for 20 MWh AC, 25-year life & over 10,000 cycles 91% round-trip efficiency at medium voltage, inclusive of auxiliary loads – Ambient operating temperature range, from -40C to 60C – 23% faster to install with up to 40% lower construction costs – Site-level density of 248 MWh AC-per-acre, with all clearances needed for installation and service Megablock uses Megapack 3, with: – Proven inverter & fire protection system – A drastically simplified thermal bay with 78% fewer connections – Latest cell technology: supply from the US, Southeast Asia & China – 50 GWh per year manufacturing capacity Deliveries start in the second half of 2026 Software & services from Tesla – demonstrated across 36+ GWh global operating fleet Learn more: https://www.tesla.com/megapack Intro: 0:00-0:42 Sustainable Abundance: 0:42-2:20 Energy Demand is Increasing: 2:20-6:15 Introducing Megablock: 6:15-14:31 Megapack Ecosystem: 14:31-21:50

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