Tesla boosted energy storage deployments by 64 percent in 2022

Energy Storage News:

Energy storage deployments by electric carmaker and tech company Tesla grew 64% year-on-year, reaching 6.5GWh in 2022.

Tesla’s fourth quarter 2022 financial results, released yesterday, showed increases in both its solar and energy storage deployments for the quarter as well as for the full year just gone.

On a quarterly basis, its solar deployments went up 18% from 85MW in Q4 2021 to 100MW in Q4 2022, while storage deployments went from 978MWh in Q4 2021 to 2,462MWh in Q4 2022, a 152% increase.

The company combines the technologies in its revenue figures, making it difficult to assess the relative performance of each segment, but the total equated to US$1,131,000,000 for the previous quarter versus US$688 million in Q4 2021 for its energy generation and storage activities.

Corresponding quarterly costs of revenues in the generation and storage business were US$1,151,000 for Q4 2022 and US$739 million for Q4 2021.

[Andy Colthorpe]

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