Tesla Inc. Powerpack Units At The Southern California Edison Mira Loma Substation
Tesla Inc. Powerpacks and inverters stand at the Southern California Edison Co. Mira Loma energy storage system facility in Ontario, California, U.S., on Thursday, June 1, 2017. The Mira Loma substation houses nearly 400 Tesla Powerpack units, in an effort to operate to state regulations on producing clean energy electricity. (Photographer: Patrick T. Fallon/Bloomberg via Getty Images)

Tesla reported its results for 2021, showing a 68% year-on-year jump in solar installations and a 32% increase in energy storage deployments to almost 4 GWh.

Last year, the company installed 345 MW of solar systems, significantly more than in 2019 or 2020, but still below the 2017 level of 523 MW.

Tesla said cash/loan purchases accounted for almost all of the solar systems installed in 2021.

Solar Roof deployments have tripled when compared to 2020, but the company did not reveal specific capacity figures.

Storage systems deployment reached 3,992 MWh, mainly thanks to strong interest in the Megapack large energy storage product. Demand remains greater than capacity and growth in the segment has been limited by supply, Tesla said.

The company is building a Megapack factory in response to the strong demand.

The table contains more details on deployments.

Energy division 2021 2020 Q4 2021 Q3 2021
Solar deployed (MW) 345 205 85 83
Storage deployed (MWh) 3,992 3,022 987 1,295

The next table contains details on Tesla’s financial performance in the last two quarters of 2021.

Results in USD million Q4 2021 Q3 2021
Total revenues 17,719 13,757
– of which automotive revenue 15,967 12,057
– of which energy generation and storage revenue 688 806
Net profit to common stockholders 2,321 1,618

This article was written by Tsvetomira Tsanova, Editor-in-chief at Renewables Now. It was originally published here.

Canada’s Ontario follows other U.S jurisdictions to launch clean energy credit registry

Previous article

Nova Scotia Power on the defensive as new fee proposal, for homeowners who install solar under net-metering, sees huge fallout

Next article

You may also like


Comments are closed.