Tesla: Energy storage demand 'remains substantially over' manufacturing capacity
- Tesla made 846MWh of battery energy storage space system (BESS) deployments in the initial quarter of this year as well as is looking ahead to the opening of a committed grid-scale BESS manufacturing facility to meet demand.
The electric vehicle (EV) and energy technology company reported its Q1 2022 figures earlier this month. As reported by our sibling site PV Tech, part shortages were condemned for a continued reduction in solar PV mounts, which stood at 48MW for the period, its 2nd worst quarter on document for solar.
Tesla earned US$ 1.279 billion revenues combined from its energy service, consisting of solar PV and also battery storage space over the three-month duration, dramatically greater than Q1 2021's US$ 893 million and also a little greater than the US$ 1.064 billion reported for Q4 2021.
Cost of revenues in that energy generation and also storage space business division was counted as US$ 688 million. Overall incomes throughout all of Tesla's business lines were US$ 18.76 billion, an US$ 8.37 billion boost year-on-year.
Storage space deployments took pleasure in a 90% year-on-year surge, from 445MWh in Q1 2021, although they were somewhat down from Q4 2021, when 978MWh were recorded.
The ongoing impacts of the COVID-19 pandemic on logistics expenses as well as timing were really felt throughout the quarter, Tesla said in its Form 10-Q submitted with the US SEC, with semiconductor scarcities and delivery delays amongst the impacts.
However, sales as well as demand for energy storage space services and products shows up to stay robust. Energy-Storage. news has reported on various large-scale battery storage space projects over the past couple of months that Tesla has actually been awarded in markets consisting of the US, UK as well as Australia.
Over Q1 2022, strong deployments were seen for the Tesla Powerwall BESS product, and the business said it is expecting opening and increase a devoted factory making its Megapack grid-scale items-- although the firm does not report an outbreak of sales figures by item.
Demand for battery storage "continues to be considerably above capacity," the business stated, with growth restricted by recurring supply chain challenges, which for batteries have been extremely exacerbated-- although not totally caused by-- the pandemic.
It resembled what was claimed by Tesla when reporting its full-year 2021 cause January when execs mentioned demand was "considerably above capacity". In 2021, Tesla deployed 3,992 MWh of storage for the complete year, 32% greater than in 2020 and greater than double what it carried out in 2019.
Tesla is currently making use of the very same battery chemistry, lithium iron phosphate (LFP) for regarding fifty percent of its range of vehicles as it does for BESS. Diversifying battery chemistries will certainly be critical to the firm's long-lasting development, to match items to use cases far better and also to expand provider base, Tesla stated.