Overseas energy storage factory

Where is Tesla's first energy storage plant located?

Tesla’s first overseas energy storage plant starts operating as global competition from Chinese firms and pricing pressures mount. Tesla has officially announced the start of production at its Shanghai energy storage factory, the company’s first Megapack manufacturing facility outside the United States.

How much energy does Tesla store in Shanghai?

The Shanghai facility will primarily produce Megapack, Tesla’s utility-scale battery energy storage system (BESS). Each Megapack unit weighs 38 tons and can store over 3.9 MWh of energy, sufficient to power approximately 3,600 households for one hour.

How important is Tesla's Energy Storage business?

Tesla’s latest financial results highlight the growing importance of its energy storage business. In 2024, the company deployed 31.4 GWh of battery storage systems, generating a record $10.86 billion in revenue, up 67% year-on-year. In contrast, Tesla’s automotive revenue declined by 6%, and net profit plummeted by 53%.

How big is China's energy storage capacity in 2024?

Bloomberg NEF estimates that global storage capacity additions reached 69 GW/169 GWh in 2024, a 76% increase from the previous year. Meanwhile, China’s National Energy Administration (NEA) reported that the country deployed 42.37 GW/101.13 GWh of new energy storage capacity in 2024, marking an even sharper increase of 103% and 136%, respectively.

How much energy does a Megapack store?

Each Megapack unit weighs 38 tons and can store over 3.9 MWh of energy, sufficient to power approximately 3,600 households for one hour. Production at the plant is set to scale up in the first quarter of 2025, with a target annual output of 10,000 units, equivalent to nearly 40 GWh of BESS capacity per year.