Electric car maker turned ‘integrated sustainable energy company’ Tesla installed 98MWh of energy storage in the final quarter of 2016, according to its financial results released last week.
As Tesla gears up toward the long-awaited launch of the ‘affordable’ Model 3 in the US in the second half of this year, the company reported on an eventful final quarter of the last one. This included its merger with closely-linked residential and commercial solar installer/leaser SolarCity and also with German engineering firm Grohman.
While our PV-focused sister site PV-Tech reported that Tesla-SolarCity made a “major miss” on its solar installations for Q4, managing just 201MW of a forecasted 298MW, the company’s electric vehicle sales appeared to be in rude health, with “record highs” of existing Model S and Model X range motors reported.
Cash reserves also increased from US$300 million in Q3 2016 to US$3.4 billion by Q4, while the company’s overall revenue for the year was up by more than 70% from 2015 to 2016. Model 3 manufacturing lines are almost up and ready, Tesla said, at both its Fremont car assembly facility in California and the Gigafactory battery plant in Nevada. Production is set to begin in July, after prototypes began to be made in early February. Not only that, but Tesla began refering to the Nevada plant as Gigafactory 1, its joint production facility with SolarCity in Buffalo, New York as Gigafactory 2, and said that it will finalise locations for Gigafactories “3, 4 and possibly 5” during this year.
Aliso Canyon leak contributed bulk of Q4’s energy storage
It is still early days for the combined weight of Tesla’s merging with SolarCity to begin demonstrating why the company is now calling itself the world’s only “integrated sustainable energy company”, with the much-touted solar roof tiles still to come and the aforementioned miss on Q4 solar installations from SolarCity’s earlier guidance.

It is easy to talk about sustainability, especially when the timeframes for achieving quantifiable results are comfortably far in the future. It’s much harder to actually implement feasible sustainability programs that will have a significant business impact. A
San Antonio-based CPS Energy is working on a project that, if successful, will help solve one of its trickiest problems in solar and wind energy production.
A research team at Oregon State University is very excited over their new energy storage system, and not just because it is the world’s first hydronium-ion battery. They’re also excited because the new device provides a way forward to the next generation of grid scale stationary batteries that will enable the US grid to accommodate more solar and wind power.
KENNEDY SPACE CENTER, Fla. — NASA is currently working under an initiative to better utilize the energy that helps power the location’s facilities. This includes a large
The battery might be the least sexy piece of technology ever invented. The lack of glamour is especially conspicuous on the lower floors of MIT’s materials science department, where one lab devoted to building and testing the next world-changing energy storage device could easily be mistaken for a storage closet.
SDG&E
The battery might be the least sexy piece of technology ever invented. The lack of glamour is especially conspicuous on the lower floors of MIT’s materials science department, where one lab devoted to building and testing the next world-changing energy storage device could easily be mistaken for a storage closet.
Carla Peterman, a commissioner with the California Public Utilities Commission, said that among the many takeaways for regulators from California’s experience with energy storage deployment is the importance of setting targets.
The idea that giant batteries may someday revolutionize electrical grids has long enthralled clean-power advocates and environmentalists. Now it’s attracting bankers with the money to make it happen.