Tesla 2022 solar installs inched up to 348MW

Tesla is navigating provide chain challenges to deploy 348MW of photo voltaic by 2022, the corporate’s highest set up determine since 2017, when it added 523MW.

Nevertheless, with deployment affected by import delays early final 12 months, PV additions fall in need of the 345MW of photo voltaic the corporate added in 2021.

On a quarterly foundation, Tesla deployed 100MW of photo voltaic in This fall 2022, an 18% soar over the identical interval in 2021. No particulars got concerning the firm’s photo voltaic roof.

“Our photo voltaic set up crew continues to enhance set up effectivity, which allows larger volumes and stronger economics,” the corporate stated in a report accompanying the monetary outcomes.

Throughout This fall 2022, Tesla’s vitality technology and storage unit posted revenues of US$1.31 billion, a 90% enhance over the identical quarter in 2021.

“The vitality enterprise had its strongest 12 months by all metrics, led by regular development in retail and business storage,” stated Zach Kirkhorn, Tesla CFO, in a convention name with traders.

Tesla’s vitality storage deployment is rising 64% yearly, reaching 6.5GWh in 2022, as reported by sister web site Power-Storage.information. The corporate says demand for its storage merchandise exceeds its capability to provide.

With US households in search of extra vitality independence and financial savings as electrical energy costs rise, the county deployed a report 1.57GW of residential photo voltaic throughout Q3 2022, in response to of commerce physique Photo voltaic Power Industries Affiliation and analysis agency Wooden Mackenzie.

That determine was achieved regardless of commerce obstacles and provide chain constraints that led complete US photo voltaic deployments within the third quarter to fall 17% year-over-year.

Transcript of the convention name from the Motley Idiot.