Tesla’s energy storage business continued to grow in Q1 2025 even as profits and vehicle sales fell, but faces greater exposure to trade tariff risks than its automotive segment.
Tesla and Sumitomo Electric have both been selected to supply energy storage projects in Japan. Tesla will supply Megapacks for a BESS project while Sumitomo will deploy a 12MWh vanadium flow battery.
Tesla has reported record quarterly and full-year deployment figures for its Megapack and Powerwall battery storage products in its latest financial results.
IPP Genera PR has chosen Tesla to provide the BESS technology for a 430MW/1,720MWh pipeline of projects in Puerto Rico, set to enter commercial operations at the end of 2025.
RWE has submitted a Conditional Use Permit (CUP) application with a local authority in Colorado to construct a 200MW standalone BESS using Tesla 2XL Megapacks.
Construction has started at the 600MW/1,600MWh Melbourne Renewable Energy Hub (MREH), one of the largest energy storage projects in Victoria, Australia.
