Dive Brief:
Tesla’s energy storage deployments decreased by 11% in the second quarter to 1.1 GWh, compared to the same period last year, predominantly because of challenges related to procuring semiconductors, the company reported Wednesday.
Solar deployment, meanwhile, increased 25% year-over-year, touching 106 MW — the highest in four years, according to Tesla. Although the company is still facing delays in importing solar components, it has also expanded its supplier base.
“The fundamental rate limiter for Earth transitioning to sustainable energy is how fast can you grow lithium-ion battery output per year,” Tesla CEO Elon Musk said on the company’s earnings call Wednesday. “[B]ecause you need the batteries for two of the pillars of sustainability — the stationary storage, and for vehicles.”
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