home battery pack

It looks like Tesla is about to change the battery game – this time by installing more energy storage capacity in 2016 with SolarCity alone than all of the USA installed in 2015. In a recent filing with the SEC, it was found that Tesla foresees an almost 10X increase in sales to SolarCity for behind the meter storage.

We recognized approximately $4.9 million in revenue from SolarCity during fiscal year 2015 for sales of energy storage products governed by this master supply agreement, and anticipate recognizing approximately $44.0 million in such revenues during fiscal year 2016.

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According to an analysis by GTM’s Ravi Manghan this revenue projection means Tesla expects to install approximately 116 MWh of behind the meter storage. In all of 2015, the United States installed about 76 MWh of behind the meter. Starting from a very low base, SolarCity and Tesla Energy doubled their battery installation volume last year. These were small installations at test locations for special customers, but that wall of ‘start up’ is already starting to fall. Expand
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Tesla CEO Elon Musk often refers to a company simply as “a group of people getting together to make a product”, which is exactly what the automaker is doing with its ‘Tesla Energy’ division.

The Palo Alto-based company has been assembling an impressive team around its stationary energy storage products, and even transferred several key players from its core business to lead the initiative, which goes a long way to show how Tesla sees its energy division as an integral part of its business going forward. Expand
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Just a week after the first Tesla Powerwall for residential use in Australia has reportedly been installed in a Sydney suburb, it’s now the UK’s turn to get its first Tesla home battery pack. Homeowner Mark Kerr has become the first British Tesla Powerwall owner after a SolarPlant engineer installed the system at his home in Wales. Expand
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