According to Sawyer Merritt, Tesla has proposed a $140 million Megapack battery energy storage project in Ripon, California, with plans to install approximately 150 Megapack units in the town's Heavy Industrial area. This large-scale energy storage system is expected to leverage AI-powered energy management solutions to optimize grid performance and integrate renewable resources. The initiative highlights growing business opportunities for AI-driven grid optimization and energy storage management, as more municipalities explore advanced battery systems for improved reliability and efficiency (Source: Sawyer Merritt, Twitter).