Tesla has achieved a significant milestone with over 600,000 installations of its Powerwall energy storage systems worldwide, coinciding with the launch of its next-generation Powerwall 3 in the United States.
On Friday, the official Tesla Energy account on X social media platform announced the milestone, marking a substantial achievement for the company’s energy division. The announcement comes shortly after the official rollout of the Powerwall 3 in the U.S., following a gradual deployment of the new product throughout much of last year.
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600k Powerwalls installed worldwide âĄïž pic.twitter.com/smFBpnXCw8
— Tesla Energy (@teslaenergy) February 24, 2024
While orders for the Powerwall 3 were made available on Tesla’s website earlier this month, sightings of installations of the system were reported throughout last year and were even acknowledged by Tesla CEO Elon Musk. Tesla had also reduced the price of the Powerwall 2 in the U.S. and had listed Powerwall 3 specifications on its website last year, indicating an impending official launch.
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Tesla has been a dominant player in the U.S. battery storage market, securing approximately 30.2% of the sectorâs market share in the country last year. Although the Powerwall 3 is not yet available for orders outside the U.S. on the companyâs website, Tesla has been delivering the Powerwall 2 globally for several years.
In November, Tesla revealed that it had deployed over 1 gigawatt-hour (GWh) of Powerwall installations in Europe, which the company stated was sufficient to power approximately 41,000 homes for 12 hours.
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Tesla has also been conducting trials of its “Virtual Power Plant” (VPP) programs in recent years, enabling Powerwall owners to sell electricity back to the grid during peak demand, effectively creating a large, distributed battery network across households.
The company is currently piloting VPP programs in various U.S. states, including California, Texas, Massachusetts, among others, as well as a recent program launch in Puerto Rico, and other international locations.
