Tesla stated it recorded a major improve in power storage deployment, formally reporting income for 9.4 GWh of deployed storage merchandise within the second quarter of 2024.
From pv journal USA
Tesla set an organization file by deploying 9.4 GWh of power storage within the second quarter of 2024, greater than doubling the biggest deployment within the earlier quarter. The 9.4 GWh quantity is 131% larger than the earlier quarter, and 157% larger than the quantity shipped within the second quarter of 2023.
The first two quarters of the corporate’s power storage deployment in 2024, corresponds to greater than 91% of the full capability deployed in 2023 – with the second quarter alone comparable to virtually 64% of the full the capability to deploy in 2023.
The announcement was made in an uncommon part of Tesla’s end-of-quarter launch, which normally focuses on the variety of automobiles produced. This quarter’s launch highlights the corporate’s vital steps in power storage, reflecting its rising significance to the underside line.
From 2016 to the primary quarter of 2024, Tesla’s power enterprise persistently contributed lower than 10% of whole income. The solely exceptions are in 2017, the place the contributions elevated by 9.49%, and within the first quarter of 2024, by 9.41%, with all different durations the contribution remained beneath 7.25%. Based on estimates derived from automobile gross sales and the substantial projected improve in power storage income, we anticipate power income to account for 15% to 21% of Tesla’s whole income in coming seasons, in all probability leaning in the direction of the excessive finish of this vary.
The improve in capability follows the beginning of operations at Tesla’s Megapack meeting facility in Lathrop, California, in 2022, and in Shanghai, introduced in 2023. Each facility will be capable of ship 40 GWh of Megapacks per yr.
Unlike its common updates on automobile manufacturing, Tesla doesn’t disclose the variety of power storage merchandise produced every quarter. Instead, it studies income from merchandise it identifies, which coincides with when the battery packs are activated.
The featured picture on this article reveals the just lately activated Sierra Estrella power storage facility in Arizona.
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In addition to its operational achievements, Tesla has relaunched its on-line power storage gear pricing, which now has extraordinarily low costs.
The firm’s value for a 1.9 MW/3.9 MWh Megapack is at the moment listed at $1,039,290, which equates to $266/kWh. This value doesn’t embody set up or supply and requires a $1,000 deposit to safe the order.
In April 2023, the worth of the identical {hardware} was $1,879,840, at a price of $482/kWh. The value has decreased by roughly 44% in a interval of 14 months.
This value discount is in keeping with a basic market development that has seen power storage cell prices in China drop from between $110 and $130/kWh to round $50/kWh.
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