As well as Elon Musk remarking that the company may have had its “best ever quarter” for solar since the SolarCity takeover, Tesla’s energy storage deployments have enjoyed a ramp up, while a fellow exec hinted the stationary battery business is constrained by cell supply.
Tesla has reported a significant year-on-year increase in business for its stationary energy storage systems, but more attention has been focused on delays in Model 3 deliveries and a decline in solar installs.
An EV and stationary energy storage battery start-up headed by former SpaceX, Tesla, Apple, Amazon and Samsung designers and engineers has mobilised almost US$100 million of financing and contracts to kickstart manufacturing operations.
Australian media baron Rupert Murdoch’s son James is one of two new independent board directors at Tesla, while the EV, tech and energy storage maker confirmed that former SolarCity CTO Peter Rive is leaving the company.
In a major energy strategy upheaval, the South Australian government is providing significant funding to support energy storage projects, starting with a 100MW grid-connected battery that will be the largest in the country.