Tesla has once again shattered records in 2024, deploying an unprecedented 31.4 gigawatt-hours (GWh) of energy storage, highlighting Tesla’s dominance in the energy storage sector and the accelerating demand for large-scale battery solutions.
The 2024 figures represent a dramatic leap from the previous year. In 2023, Tesla deployed 14.7 GWh of energy storage, which was already a record at the time – more than double that of 2022.
Breaking down the growth further, Tesla’s quarterly performance in 2024 consistently outpaced prior records. The second quarter alone saw deployments exceeding 9 GWh, surpassing the total for all of 2021.
To put this in perspective, Tesla’s energy storage deployments in 2020 amounted to just 3.0 GWh. Over the past four years, the company has achieved a tenfold increase in storage capacity.
Tesla’s Megapack, a large-scale battery product designed for utility projects, has been the driving force behind this expansion. The Megapack’s popularity has surged, with major projects being deployed across the US, Europe, and Asia. There have been several notable installations in 2024, including a 219 MW/877 MWh energy storage project in Western Australia and a 300MW/1200MWh Megapack project in Queensland, Australia.
The energy storage market is expected to continue its rapid growth in 2025. Tesla will be able to meet this growing demand thanks to the scaling of Tesla’s Megapack production at its Megafactory in Lathrop, California, and its newly completed Shanghai Megafactory, both of which are capable of producing 40 MWh annually at full production.
