Tesla Energy Surpasses 2023 Battery Storage Deployments with Q4 2024 Still Ahead

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From the article: Tesla’s Energy division has once again proven to be a lucrative business for the company. The division reported deployment of 6.9 GWh of battery storage products in Q3, pushing the cumulative 2024 totals past 2023 totals, even with a full quarter left in the year. Despite a quarter-to-quarter decline for Q3 2024, Tesla has already surpassed its total sales in 2023. The company deployed 6.9 GWh of energy storage products globally, a decline of more than 25% compared to Q2, when it reported 9.4 GWh. However, it was a record Q3 performance in the company’s history. Total sales in 2024 stood at 20.3 GWh at the end of Q3, eclipsing 2023’s total of 14.7 GWh. The jump can be attributed to Tesla’s expansion of the Lathrop Megafactory, which manufactures the Megapack. The facility can output 40 GWh per year or about 10,000 Megapacks. Meanwhile, battery sales is set for another significant bump next year when the Shanghai Megafactory adds another 40 GWh in production capacity. Tesla started constructing the factory in Q2 2024, with Megapack production expected in early 2025.

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Lots of articles and reports on the tinternets to get you started. https://about.bnef.com/blog/global-energy-storage-market-records-biggest-jump-yet/

SunPower going bankrupt and taking their SunVault with them is certainly helping Tesla's Powerwall business.

Unless I'm reading this wrong, in 2023 there were 97GWh deployed worldwide and Tesla contributed 14.7GWh. They're expecting growth in 2024 to well over 100GWh worldwide and Tesla has already contributed 20.3GWh with Q4 still TBD. Basically it seems like Tesla is at least 15% of worldwide energy storage and that may expand in 2024 and will certainly expand in 2025 once Giga Shanghai (which is 60% complete in just 6 months of construction) comes online early next year. As an aside, this is a huge growth industry. Not only in terms of the transition to renewable energy, but for AI. There's been much written recently about the energy demands of super clusters. Any company in AI will need large arrays of battery storage. Or a nuclear reactor like Microsoft is aiming for...

It's not just for renewable either, any energy system benefits from the megapack type storage facilities. Increase reliability and fix brownouts, etc. Go google "tesla build largest battery storage" and you'll see article after article, country after country, where Tesla have built the largest storage systems.

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The Shanghai factory looks like it could be a lot bigger than Lathrop, maybe double or triple the factory size?

I noticed they were going to sell to Solaria for $50 million, i wonder if Tesla could have gained much by buying them instead?

Amazing for what’s just a car company isn’t it.

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But doesn’t additional add to what’s already deployed?  As then they would still deliver ~ 20-30 %.

Powerwall 3 is a better product than SunVault and Sunpower got their panels from a 3rd party anyway, so 🤷🏽‍♂️

No you’re reading it wrong. You’re mixing up GW and GWh. The graph is showing GW and you’re referencing Tesla’s deployment in GWh. They’re closer to half the percentage you’ve arrived at.

I didn't mean sell other products besides powerwall etc, i just wondered if they had any good IP or infrastructure/networks/connections etc that would be worth snapping up.

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6.9 gigawatts. Noice.

I think of it like: "Watts" are the amount of "Work" that can be done, and watt-hours are the rate at which that work can be done. i.e. My battery holds 75 kilowatts, and when I charge at 5 kWh, I can put 5 more kW back in the battery every hour. Then, I think of a kW as roughly 4 miles of range. So a 5 kWh charge for 1 hour give me 5 kW, which gets me 20 miles.

you have it exactly backwards

I found these data were confused: in 2023, q1 3.89 GWh, q2 7.54 GWh, q3 11.52. When adding all up it is already surpass 2023's total of 14.7 GWh. Am I missing something here?