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Tesla Megapack Now Has 12 GWh of Operating Industrial Storage at 99% Availability

The Tesla Megapack is part of the Tesla energy division and continues to grow rapidly. It reached 12 GWh of operating industrial storage, and this will continue to grow as Lathrop and Shanghai each get to 40 GWh per year of production.
Tesla Megapack Now Has 12 GWh of Operating Industrial Storage at 99% Availability

Tesla Megapack Continuing To Grow

The Tesla Megapack has reached 12 GWh of operating industrial storage at 99% availability. What does this mean? I am assuming it means Tesla has delivered 12 GWh of energy stationary storage with the Tesla Megapack to customers and utility companies.

This is just the very beginning because Tesla is aiming to get to 40 GWh per year at Lathrop and another 40GWh per year at a new factory in Shanghai. And, there will be another 8 additional factories built across the world - that's my prediction anyway, for Tesla energy to encompass the globe.

Elon Musk has said as much, that he expects Tesla energy to be as big as the auto business.

The Tesla Megapack has some astonishing economics. Because of deferred revenue, it will still be a year or so before we start to see the real growth in the energy business. However, the growth is already happening, with energy far outpacing auto growth over the last year.

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Tesla Megapack Will Get To 80 GWh Once Lathrop and Shanghai Ramp

Once Lathrop reaches 40 GWh of energy production, Shanghai energy, once finished, will work to get to that point. In Tesla's Master Plan Part 3, they mentioned getting to 240 TWh of energy storage. To put that in perspective, Lathrop and Shanghai, once ramped to 80 GWh per year of energy storage will be 8 percent of 1 TWh and that 1 TWh is less than half of a percent of the way to 240 TWh.

In other words, Tesla is .03 percent of the way to their energy storage goals... (80/1000)/240 Talk about a business truly being in its infancy. This is why I invest in Tesla because the target numbers for the business are astronomical.

Of course, all energy storage deployed counts toward the 240 TWh, so as Tesla ramps more factories and deploys more storage, this growth rate will increase rapidly, adding each years storage to the total.

Tesla claims that they are the only major vertically integrated energy storage provider with unique and seamless integration of hardware, firmware, and software leading to industry-leading performance.

They also claim to maximize the value of their energy products to help them address a diverse customer base, including:

  • C&I Fleet Managers
  • Project Developers (Commercial Solar, Microgrids)
  • Aggregators
  • Power Plant Operators
  • Utilities
  • Independent Power Producers
  • Energy Market Traders

One X user called Tesla energy the new "AWS" suite.

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What do you think about the Tesla Megapack and it is increasing its total storage? Will Tesla get to 240 TWh of energy storage one day?

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Hi! I'm Jeremy Noel Johnson, and I am a Tesla investor and supporter and own a 2022 Model 3 RWD EV and I don't have range anxiety :). I enjoy bringing you breaking Tesla news as well as anything about Tesla or other EV companies I can find, like Aptera. Other interests of mine are AI, Tesla Energy and the Tesla Bot! You can follow me on X.COM or LinkedIn to stay in touch and follow my Tesla and EV news coverage.

Image Credit, Tesla, Screenshot

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