Tesla made ‘all-time high’ energy storage deployments in the first quarter of this year, ‘leading to record profitability’ for its energy business line, CEO Elon Musk has said this week.
Battery energy storage system (BESS) project developer Lion Storage is planning a 364MW/1,457MWh project in the Netherlands for operation in two years’ time.
Tesla’s energy storage business enjoyed its highest quarter of deployments to date as growth of its electric vehicle (EV) business slowed and earnings fell below analysts’ expectations.
Developer NGEN Smart Grid Systems has completed a 10.3MW/20.6MWh standalone battery storage project in Austria, the largest in the country, it claimed.
EV and energy storage giant Tesla saw a slight quarter-on-quarter dip in energy storage deployments in Q2 to 3.7GWh, although annual growth was strong at 222%.
