Tesla has reported a record-breaking increase in energy storage deployments for 2022. In the company’s Q4 2022 and full-year financial report, it was revealed that energy storage deployments grew by a staggering 152% year-over-year.
In 2021, the company delivered nearly 4 GWh of energy storage products, breaking the previous year’s record of 3 GWh. In 2022, Tesla was able to deploy 6.5 GWh of energy storage products, such as the Megapack and Powerwall.
According to the report, demand for Tesla’s energy storage products continues to outpace production capacity, even with Giga Nevada producing more Powerwalls and Megapacks than ever before.
The company’s capacity is also set to increase with the opening of a dedicated Megapack factory in Lathrop, California, dubbed the “Megafactory.” The facility, which opened last year, has the capacity to produce 40 GWh on its own.
Tesla also shared that they will be using 4680 cells in their stationary storage devices in the future. The company’s energy storage business has been growing exponentially since 2015, as shown in the graph provided in their report. Overall, these developments in energy storage demonstrate Tesla’s continued commitment to clean energy and sustainable technology.
