The growth keeps coming for Tesla’s energy storage business.
On Wednesday, the automaker said its home and utility-scale battery deployments reached 6.5 gigawatt hours (GWh) during its fiscal 2022, calling it “by far the highest level of deployments we have achieved.” That’s up from about 4 GWh in 2021.
For context, the average American home consumes 10,632 kilowatt hours — just over 0.01 GWh — per year, according to the U.S. Energy Department.
In the fourth quarter alone, Tesla said energy storage deployments reached 2.5 GWh — up from 2.1 GWh in Q3. Tesla’s energy storage business includes its Powerwall home batteries and much larger Megapacks.
Tesla also updated investors on its solar business, saying deployments totaled 348 megawatts in 2022. In the final quarter of the year, the automaker’s solar deployments fell just short of recent…
Tesla’s energy storage arm caps 2022 with ‘highest level’ of deployments ever • TechCrunch
