Tesla’s Megapack, which have a maximum capacity of 3MWh per unit, continue to be selected for projects around the world. Image: Courtesy of Arevon.
Tesla is still aiming for annual energy storage deployments of 1,500GWh by 2030, which would require an average CAGR of 90% over the decade; something it achieve in the first quarter of this year.
The target was outlined in the previous impact report (2020) and repeated in its latest report for 2021. It is 375 times higher than last year’s deployment figure of 4GWh.
The target is certainly ambitious given it is nearly ten times what BloombergNEF reckons the entire global energy storage market by annual deployments will be by that point; 58GW/178GWh.
Tesla would need to maintain its current growth trajectory to reach its target, which implies a 93.4% CAGR from 2021 to 2030. The company’s storage deployments increased…