Tesla recently unveiled its latest Megapack energy storage project, which has a capacity of 360MWh and can power 60,000 homes. The project, located in Boulder, Nevada, USA, is one of Tesla's largest Megapack projects in the world.
Last year, Tesla signed a 2GW/6GWh supply agreement for the Megapack battery energy storage system (BESS) with the company’s energy storage project partner, Arevon, an American renewable energy company. This is exactly one of the projects with Arevon. It is speculated that this may be the largest battery storage order in the world.
Megapack is one of the largest capacity energy storage systems on the market today. Each unit can store up to 3MWh. In addition to its large capacity, compared to similar energy storage systems in the market, the Megapack requires 40% less space.
In September 2021, Tesla started construction of the Megafactory for Megapack production, using Ningde era lithium iron phosphate batteries. Tesla CEO Elon Musk said that in the future, Tesla's energy storage system is expected to use all lithium iron phosphate batteries to reshape the price and safety advantages.
With comprehensive efforts in cost, safety, system, capacity and other aspects, Megapack will fully benefit from the power grid upgrade and reform under the global carbon neutral consensus, and is expected to replace large-scale power grid reform as a new regulation capability, thereby reducing the upgrade cost and providing The grid provides more flexible regulation capabilities.
It is understood that Tesla’s acquisition of solar power system supplier SolarCity in 2016 officially entered the renewable energy power generation industry, vertically integrated the energy industry and launched clean energy products such as Powerwall and rooftop photovoltaics; in 2017, it changed its name to “Tesla” to highlight the company Build an energy service system and gain confidence in transforming into a renewable energy supplier; in 2019, the large-scale energy storage system Megapack was launched to deploy the global utility energy storage industry, and several super-large projects boosted the rapid development of energy storage.
Looking back at Tesla's layout in the energy storage industry, it is not difficult to see that its entry into the energy storage market is firm and forward-looking.
In 2006, Tesla CEO Elon Musk co-founded SolarCity. This company is positioned to develop photovoltaic power generation in urban and residential agglomeration areas. It is reported that SolarCity can provide users with a common purchase model, a power purchase agreement (PPA) and a lease model, which can be charged by leasing the rooftop photovoltaic power generation system to customers or signing a power sales agreement with users to collect electricity fees. SolarCity's photovoltaic installed capacity has grown rapidly. In 2012, it occupied a 15% market share in California residential and commercial rooftop power generation projects. The compound growth rate from 2010 to 2015 reached 101%. Due to the company's business model, the cost of installing solar panels must be paid in advance, and the initial investment cost Larger, photovoltaic projects have a longer payback period, and high debts drag down the company's business development, and the installed capacity has decreased year by year. In 2016, Tesla directly acquired SolarCity and officially entered the rooftop photovoltaic field.
Over the years, Tesla has used three major products to strengthen its energy storage advantages. Powerwall opens up home energy storage needs. Powerpack focuses on commercial and small utility energy storage. Megapack responds to large utility energy storage needs as a new type of giant battery. Benefiting from a number of large-scale energy storage power station projects, the demand for the utility energy storage product Megapack has increased and the demand for the household energy storage product Powerwall has continued to grow.
According to EnergySage data, in 2021, the H1 Tesla residential energy storage system market share will rank first in the United States. Earlier, Musk said that Tesla's energy business would become a globally distributed utility company that could even surpass the company's auto business in the future.
