Tesla maintains 2030 target of 1,500 GWh annual energy storage deployment

• Tesla is still going for annual energy storage space deployments of 1,500 GWh by 2030, which would call for an average CAGR of 90% over the years; something it attain in the initial quarter of this year.

The target was outlined in the previous impact report (2020) as well as repeated in its most recent report for 2021. It is 375 times more than last year's implementation figure of 4GWh.

The target is certainly ambitious provided it is nearly ten times what BloombergNEF reckons the entire international energy storage space market by annual deployments will be by that point; 58GW/178GWh.

Tesla would certainly require to maintain its current growth trajectory to reach its target, which implies a 93.4% CAGR from 2021 to 2030. The firm's storage space deployments increased by 90% in the very first quarter of this year, regardless of supply chain constraints.

By the end of the years, it also intends to be selling 20 million EVs, which is more than 20x its 2021 figure of 940,000.

The Austin-headquartered business sells its residence energy storage remedy, the 13.5 kWh Powerwall, as a product, which complements its solar roof and EV billing remedies. Its utility-scale energy storage solutions are the Power Pack and also Megapack, the latter of which starts at 3MWh each.

It was recently exposed that it will provide Power Packs to sister firm SpaceX for a development of the on-site energy resources at its Starbase launch facility in Texas, while its Megapack unit was used in a recently-commissioned 730MWh battery energy storage system (BESS) at Moss Landing.

That 4GWh figure attained in energy storage last year provided it a market share of over 15% of the worldwide market last year of 25GWh, Tesla stated, citing S&P Global figures. BloombergNEF's somewhat reduced estimate for the 2021 market provides Tesla a greater market share, of 18.2%.