Tesla energy - 127% growth is nothing compared to what's about to happen

[@RawandCookedVegan]

Sam, I love your openings which are chock full of content. Then you launch into the detail backing it up without any of the crap you get on other channels. Great stuff. Thanks.

[@mjcapinto]

I travelled across northern Spain during the day and there are countless hundreds of wind turbines idling. There is a massive market for energy storage, we won't need anything other than solar and wind if we can store energy efficiently.

[@andresgarciacastro1783]

Yup. Aragon produces more clean energy than they can consume. And they keep installing every single day

[@PhilipX2030]

@@andresgarciacastro1783 is argon making their own turbines or are they importing them from somewhere?

[@PhilipX2030]

Thank you for the reminder that Spain is overproducing as well as mentioning the northern Windy area... who would be good to speak with to bring battery storage to the grid?

[@gregbailey45]

Absolutely!

[@andresgarciacastro1783]

@@PhilipX2030 From China most probably, they build 80% of windmills.

[@donaldwatts1713]

The utility company I work for just tied 350MWH worth of Tesla battery storage and not one mention of Tesla. Most people in my company think of Tesla as a car company even after spending millions on battery projects. These projects are extremely large and require large amounts of cash. The revenue from battery storage will be inconsistent because I believe Tesla has to wait for the project to be finalized before posting the revenue.

[@andrewsaint6581]

Covered in a Herbert or Farzad vid I think.

[@mikedar8484]

Yes, forward earnings as some of the projects require 2 years. This has been ongoing, for years already.
We should keep in mind the large expansion of battery lines Tesla has ongoing to including a 'Giga factory' under construction just started this year for Batts.,
in China where they already use 2Xs the electricity as the U.S. with plans for much more. Including plans for a new Dam 2Xs+ the 3 Gorges Dam. Storage is about to get REAL!..... real quick.
At 2Xs 2023 6 Gigs =12,,, we are talking near the nets on RVs. 2025 for sure, 2026 should be 36-48 Gigs!

[@donaldwatts1713]

@@mikedar8484 thanks for the info.

[@PhilipX2030]

@@mikedar8484 your knowledge of Chinese planning is very impressive. Where do you get your news?

[@mikedar8484]

@@PhilipX2030 Ummmm, from the news? Do you mean the Chinese Giga factories? They've had photos of one, >< 2 weeks ago with the roofing structure going in and the other the land and power was being finished.

[@keijuhl]

I had 4kw of solar panels installed from Tesla on the roof this year. It's nice to charge your EV off your own rooftop solar.

[@gregbailey45]

Only 4kW????

[@keijuhl]

@@gregbailey45 yep, produces about 25kWh on a sunny day.

[@itekani]

BYD home batteries are popular here in Sweden where Tesla don't sell their home battery. Haven't heard of any Tesla grid battery here either, and there are a lot of those being delpoyed.

[@larryevans6739]

BYD installed over twice as much energy storage capacity as Tesla last year and twice as much as they had cumulatively to date from years prior. Over 20 GWh. Look up Intersolar 2024 SolarClarity BV for reference. And BYD makes the pack and the cells, with over twice the volumetric energy density. Tesla is not leading in this space, they just get the hype.

[@mikeford3859]

Thanks Sam I’m at Tesla Customer model three , model Y, still waiting for my cyber truck. But today you finally got through to me not that I haven’t heard about energy deployment but finally I’m beginning to get it. I will listen to this over and over again.

[@jjamespacbell]

Sam Tesla currently makes no utility level batteries in China, factory in China is not complete yet. All of Tesla's current utility level battery systems are made in Lathrop California.
The large jump in deployment numbers is a little deceptive as Tesla stores the units in large numbers waiting for the customers to have the sites ready so that when the site is ready the battery can be installed immediately and not placed in some parking lot for months.
Tesla will have double the production capacity in the next 12 months and hopefully get battery facilities in Australia and Europe to reduce shipping and import fees. (not Germany this time though 🙃

[@RagnarinVa]

There is also rumors of an expansion at Lathrop. The Chinese factory has not opened yet.

[@JohnMcAfee-se9ms]

How will tesla have a battery production facility in Australia in 12 months if I've seen nothing about the start of building a plant in Australia?

[@larryevans6739]

The batteries are assembled into packs there. But the primary component of that pack is LFP prismatic battery cells made in China. Basically, they take shipping containers full of battery cells shipped from China and then re-packing them into shipping-containder-sized packs... which seems a bit redundant when you really thing about it.

[@RagnarinVa]

@@larryevans6739 - not all of them and Tesla has sourced LFP batteries from ONE in Michigan and others.

[@sergiomessina2037]

Glad to see you focusing in on this topic. Hope you do many more!

[@MudflyWatersman]

As somebody who works for a lithium company..... Circa 2015..... Energy storage was supposed to be the big demand of the future and EVs were supposed to be a small part.... Energy storage that allows to buffer day night demand prevents needing to build new generation plants.

[@caymanbrickanimation7522]

Sam, more great content. Easy to watch and absorb.
Would you be able to do an analysis on why home batteries are so much more expensive than EV batteries per KWH? It's much cheaper for me to buy a Ford Lightning than the Tesla battery equivalent. Plus I get a truck!

[@chrisnewman7281]

i’m read an article the other day about the issues that plaguing the efficiency of the virtual power plants in South Australia. for those that don’t know virtual play our plants enable power stored in home batteries to help stabilise the network at times of peak load. it’s not going terribly well at the moment because of the red tape around approvals It’s a regulatory issue and a matter that the government isn’t keeping pace with changing technology.

[@Chainyanker007]

So it's the bureaucrats and not the technology, time get rid of the incompetent and ignorant.

[@gregbailey45]

Sad.

[@machoopichoo2]

That and, "world's biggest banana" comment.

[@judycatlin2654]

CATL just introduced an upgraded version of large scale energy storage with zero battery degradation for 10 yrs!! Tesla will need to copy ASAP

[@Chainyanker007]

But does CATL have the equivalent of Autobidder?

[@andresgarciacastro1783]

Tesla uses CATL batteries.

[@rowanbroekman3929]

Tesla got a converter so you can connect it to the grid, CATL is battery only and you'll need a converter outside of their battery pack.
The Tesla LFP battery pack lasts 10.000 cycles which is essentially over 10 years as well.

[@PhilipX2030]

@@rowanbroekman3929 would you say an inverter for AC/DC as well as high voltage transformer?

[@gregbailey45]

Tesla use CATL, don't they?

[@donnalippits5614]

Hi Sam , love all your content !
I feel enlightened & ENERGISED !

[@Brianna_Hend]

If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you... prevent inflation

[@Brianna_Hend]

A lot of people still make massive profit from the crypto market, all you really need is a relevant information and some ‹professional advice. ‹it's totally inappropriate for investors to hang on while suffering from dip during significant

[@harveyoscar2925]

You trade also?, I

[@Brianna_Hend]

No I don't trade on my own anymore, I always required help and assistance

[@Brianna_Hend]

From my personal financial advisor
..

[@harveyoscar2925]

This sounds so good and I would like to be a party to this, I there any way I can speak with her?

[@erinclerico3170]

Can you please cover the fact that Tesla will soon start delivering ‘sub-stations’ with integrated battery storage? I think that will be huge.

[@virtual-viking]

We ain't seen nothing yet. The switch to Sodium ion is inevitable and will change the game once more.

[@PhilipX2030]

A company or companies that you are watching in sodium Space?

[@gregbailey45]

Horses for courses.
Ho hum.

[@markmiller8903]

There will be no sodium batteries.

[@virtual-viking]

@@PhilipX2030 Natron Energy energy is very promising. But I think CATL already has Sodium batteries in a few commercial applications.

[@virtual-viking]

@@markmiller8903 Sodium is going to happen, if for no other reason, because it's so abundant and cheap. And because it's so close to existing Lithium technologies.

[@jetman258]

Great vid Sam, you explained the growth so well.

[@uilnosaj]

Are you kidding me, I got a quote from them to replace my roof, the cost is so outrageous, I just went back to my old roof. Regular shingle roof replacement was 16k, and Tesla was 85K. I can waste energy with my current roof, I will still come out ahead paying for the energy bills. Tesla is the only choice I can pick in the US, the US has block all other imports from other countries. If you ask the government to block other countries solar roof tile, don't you think you should reduce your cost. Fucking hate how America has turned out this days. Protectionnism for the rich to get richer, and kill all competition. Guys, nothing cost this much in life.

[@hanswitvliet8188]

Looking at the costs of powerwalls, compared to those of model-Y or cybertruck, it’s too bad that the vehicles can not do “vehicle-2-grid” and VPP.
That would be a killer move….

[@Soughanunna]

I believe the Shanghai megafactory for grid batteries is just getting under construction now. It’s not in production yet.

[@dk7863]

Logic and knowledge wins a higher percentage of the time for me, in insane world.

[@beno3512]

Why don't they just require every new house in the US to have 7.5 kwh solar on roof, these energy companies won't allow it

[@rajeshramanathan8290]

100 million battery storage is equal to 2500 cars of Tesla .

[@neildolan7177]

I will say it again. We need to have home batteries to replace peaker plants not big batteries.

[@steveedlund7357]

Yes, and no. You would need 3 Powerwalls to have the capacity to charge 1 EV. You would need a very large array of solar panels to charge the Powerwalls. The investment cost for homeowners isn’t practical. If your power company offers net metering, there’s zero reason to have home batteries.

[@larryevans6739]

BYD installed more than twice as much ESS battery capacity as Tesla last year. Over 20 GWh. They are not a small player in this space, but Tesla gets all they hype.

[@donaldparry5157]

A few years ago I used to say that the native American casinos would own a substantial portion of wealth in the US; Tesla energy, Tesla AI, Space X etc. looks to be most of the oil companies, Microsoft and robotic labor, NASA and a communications network all rolled into one!!!

[@hardi.howdy.983]

Pump it up, anything Tezla 😁

[@gregbailey45]

It pumps itself...

[@gregbailey45]

It pumps itself...

[@charlesrovira5707]

*LFP* batteries just changed the economics of energy storage. The *TAM* is and will remain small and deliveries are still _lumpy_ for now, but it will become the _tail that wags the dog._
*Tesla* will be a power company that happens to make the world's best vehicles.

[@BioniqBob]

Best? in some ways only

[@Chainyanker007]

@@BioniqBob - So which is the best EV? And why?

[@aaronsinspirationdaily4896]

I’d suggest they’ll be an AI and robotics company that happens to do batteries, energy and cars.
Yeah, the AI and robotics will be THAT big.

[@BioniqBob]

@@Chainyanker007 Don't want you to cry.

[@MarcoNierop]

Tesla's energy deployment figures will remain lumpy for a while, this record shows the Lathrop factory is producing at itrs max capacity of 40Gwh per year.. Not every quarter Tesla will deploy 9.4Gwh, it depends on which project comes online during that quarter. Tesla may produce and deliver megapacks on site, but as long it is not turned on, it will not be counted as Gwh deployed. From the megapack site at Giga Texas we know it can take several quarters before such a project comes online. It took Texas 6+ months after all megapacks were delivered before starting to contribute to the grid.
With only one factory porducing Megapacks, this will remain lumpy untill more Mega pack factories come online and the number of projects coming online are increasing and start to be more consistent quarter to quarter..
So, however I agree with you that these big battery deliveries will increase (not only from Tesla) I do not think we will see another record quarter in Q3 or even Q4.. Tesla is right now production capacity constrained, demand will not be the issue the coming decade.

[@ironeagle22a]

Sure sounds alot like NIO swap stations :)

[@concertautist4474]

Good stuff.

[@maycrew9126]

I understand that this video is mainly about megapacks or powerwalls, but I think Tesla has an exponential amount more of battery in the form of their cars. As software continues to improve plug in Tesla's can and will be what helps meet peak load demands if an owner opps in to utilize a setup like this. Give it back at a little higher rate than you charge the car with at off peak hours. And if the home has solar then that's even more savings to the Tesla owner. If you have a 75kwh battery in your car and let 30kwh go back into the grid when needed then it's a win win for everybody and you can still drive your car at a moments notice. Now imagine millions of cars participating in this kind of program!😮

[@johnsmedley8843]

As an engineer I kind of find this stuff boring. We could easily power the world with wind and solar, and It's not rocket science. It's just Politics.

[@haroldnicholos7436]

Making the energies easy storage is still a problem

[@iainmrodgers9991]

Are you really an engineer?
Have you noticed it's dark at night so solar cells won't work? Have you noticed sometimes the wind blows and sometimes it doesn't?
So what do you do when those things happen?

[@stevebuss69]

Yeah, it’s a simple as black and white or day and night right ?

[@chrishaberbosch1029]

@@iainmrodgers9991you do realize this video is about energy storage..

[@Ask-a-Rocket-Scientist]

It’s required huge improvements in battery technology which were NOT simple.

[@Stockmonger4u]

What we need is solar paint on cars. The surface temps on a car is extreme during hot summer months. Imagine if we could harness that lost power by making the entire car a solar panel. Maybe it’s a dumb idea, maybe not. Once, the EV was also a dumb idea 😊

[@joelhamaker1346]

what happened to batteries for storage made with sodium ??

[@bfmarx]

Where are they going to get all the synthetic graphite?

[@nibotkram7743]

The era of super abundance is upon us.

[@StuartConsulting]

Several years ago, the most enthusiastic renewable energy advocates amongst us, knowing renewables were just an intermittent supply, thought we had to do baseload backup, like coal / gas / hydro-electric. None of us saw Tesla’s mega battery energy storage coming which will make these older baseload backup solutions obsolete.

[@myphonyaccount]

Not even Amory Lovins saw this coming.

[@krakken-]

You should read Tony Seba, who wrote about this ~15 years ago.

[@Chainyanker007]

Megapacks and similar utility scale storage was the missing leg to the renewable energy triad. Now energy can be stored for use when the sun is not shining and the wind is not blowing. Is it any surprise that Megapack sales are soaring, there is about a two year backlog despite the Lathrop plant ramping up production this past year. This backlog amounts to approximately 20,000 orders, with each 3EU priced at $2.4 million (base price). Do the math, and the Shanghai Megapack plant is now under construction.

[@Guvament_bs]

​@@Chainyanker007my maths isn't very good. Australia uses about 5 terra watt hours per week. How many Tesla batteries would it take to provide one weeks storage and about how much would it cost thankyou.

[@StuartConsulting]

@@krakken- Big fan of Tony Seba, his ability to forecast trends is amazing 👍

[@nicholaspostlethwaite9554]

But aren't Home Tesla and others, batteries grossly overpriced compared the the same thing in EVs?

[@wilfredstewart3348]

Game changers are a dime a dozen but this new metal free battery has got Sandy Munroe fizzing.

[@Buy_YT_Views_3201]

You nailed it! 👏

[@hardi.howdy.983]

Who did he? 🤭

[@machoopichoo2]

I suppose Na-ion batteries next. LFP was a no brainer.

[@frankcoffey]

Yeah, because they are not refreshing the cars or coming out with new product. Cybertruck was not intended to be a mass market item.

[@chrisheath2637]

(PS - China had patents on Lithium Iron Phosphate batteries, so it is only now that other countries can produce and commercialise LiFePo cells....)

[@ByrleWardingley107]

The speed of Vematum's transactions is a game-changer.

[@RahelHugnett]

Vematum is making moves quietly. Keep an eye on it!

[@user-cw9em3mo3w]

Tesla AutoBidder Software+ Solar and Wind + MegaPacks and MicroGrids = Teslas solution to our Sustainsble Energy needs , and a cleaner Environment.Tesla Inc is the next Utility and BP/EXXON/SHELL with its SC Network.
Edit; i forgot , PowerWalls for individual uses to go Offgrid.

[@Chainyanker007]

How many know that Tesla is a registered utility in the UK and who knows what other countries. Tesla Energy is growing rapidly with little visibility.

[@DianneJ.Campbell]

Been tracking Vematum's development. Impressed with the progress!

[@Charvak-Atheist]

When will CATL release there 2nd Gen Sodium ion battery for Stationary storage at the cost of $40/kWh at cell level ?

[@CiaranMcHale]

LFP batteries have recently dropped to around $47/KWh, and I expect their price will continue to drop in the future. As such, there may not be a cost advantage for sodium ion batteries.

[@philipdamask2279]

Do not forget you need to build the solar panels or wind turbines to provide the energy to fill up those batteries

[@CiaranMcHale]

@@philipdamask2279 To be pedantic, that is not true. If an existing power plant is producing too much electricity during off-peak-demand times and not enough electricity during peak-demand times, then some of the excess electricity during the off-peak-demand times could be used to recharge the batteries, and these batteries could then be discharged during the peak-demand times.
In the case where solar/wind power stations are being built along with batteries for them then, according to videos on the Tony Seba channel, the cost of building such new stuff is now cheaper than continuing to run existing fossil fuel-based power stations.

[@rkriisk]

Prismatic LFP’s currently trade around 30 - 32$ per kWh for 100 MWh quantities DDP in EU. 48 $ is when you buy in small quantities. It’s pretty much game over for most of the other chemistries for the next few years. If you are happy with recycled and low grade LFP’s then they can be bought EXW In China for 14-18 $ per kWh. Total cost of materials today for LFP battery without assembly is around 20-22$ per kWh and it is falling at least 30% before the end of 2025. In the next few years battery costs will become irrelevant and all other costs like inverter, BMS, cooling, case, safety systems are going to matter much more.

[@NathanSkenes]

I see Vematum as a long-term hold. Great fundamentals!

[@nickmcconnell1291]

Just wait till Tesla does what Musk indicated will be coming on future MegaPacks!
They will have all the equipment inside them to eliminate the need for an electrical substation. This means that you can hook your grid's high voltage lines directly to the Megapack with nothing in between. Plop them down and plug them in..... eliminating a lot of cost and construction time.
If they do this then utilities might only choose Tesla as their provider for battery storage.
Also once Tesla has this they can more easily use their MegaPacks at their super charger sites. Because right now they have to pull voltage through electrical company transformers that are on site.... that may not be that big. What happens when there is no need for that transformer because the megapack can be directly connected to the grid lines? This would mean that supercharging stations could be put almost anywhere much faster as there is no need for the utility to buy and put in a transformer. All they need is for their lines to the megapack to be able to handle the load. This should make it quicker to get a supercharging site up and running.

[@arnehogkvist8189]

Today in Sweden wind power makes 3 time more electric power than all nuclear plants together.

[@perengstrom3414]

And a negative spot price in three of four price regions...

[@lesliecarter4295]

WHEN the wind blows..!

[@philiptaylor7902]

Great video, Sam

[@chillfluencer]

In 2023, the home battery deployments for BYD, CATL, and Tesla were as follows:
- CATL: 29.6 GWh
- BYD: 12.6 GWh
- Tesla: 9.3 GWh
Sam lying through his teeth here. Shame on you, Sam.
To add all of the installations (home and commercial):
In 2023:
- CATL: 200 GWh
- BYD: 150.9 GWh
- Tesla: 9.3 GWh

[@TravelerJerryLee]

This just shows the growth opportunity for Tesla with new battery plants being built by Tesla to take more market share.

[@nobodyli6543]

@@TravelerJerryLee can tesla been competetive in front of BYD & CATL?

[@TravelerJerryLee]

@@nobodyli6543 An inhouse part is always cheaper to use than a 3rd party part.

[@nobodyli6543]

@@TravelerJerryLee if it's the case, there will be no tariff on chinese EV

[@infochannel392]

All true! On a different subject, Tesla should allow transfer of fully purchased fsd for trade-in to new Tesla buy within two years.

[@jlanetman]

I guess I’m just too old school. I don’t understand why we are spending the money for solar panels, taking up tons of land, short life span

[@acmefixer1]

Utilities will not contract to build a new nuclear power plant as long as they have multibillion dollar cost overruns and decade long construction delays.

[@shavian208]

The important point to grasp is that the RECURRING income from profit sharing with the energy providers and from pricing arbitrage can only grow exponentially as more and more Megapacks are added to the the Tesla battery ‘fleet’ every quarter, layer upon layer. Very few analysts seem to have grasped this. Sam you made lots of great points here but I think this one trumps the lot. Yes it really is the tip of the iceberg. Thanks for a great vid.

[@Myrslokstok]

Imagine if solarpanels could be green, then they would melt in better in nature!

[@nicholasrigg8999]

Also, check out EOS aqueous zinc storage solutions

[@dcinpa1134]

I thought they were going to use sodium batteries, no?

[@daveret1144]

What I would like to know is the cost-effectiveness of these mega Grid storage batteries. Are they cost effective enough to replace nuclear power? What is the expected lifespan of these systems?
Obviously batteries will become far cheaper and far more efficient in the future. Will new grid battery storage systems be far cheaper and a far better option than nuclear power in 2040?

[@user-rq1mk9hi4x]

Nothing is more expensive than nuclear from building the power plant and dealing with nuclear waste. Not the way to go

[@andresgarciacastro1783]

Nuclear is super expensive. It's been a subsidize dump everywhere

[@bfree6197]

You can price one battery online... they are not cheap😂

[@TvTv-pl3nr]

Of course batteries will be cheaper in 2040. Even decades ago it was cheaper to build pumped hydro energy storage to store the unused power the coal and nuclear plants keep producing at night than adding power plants to cover for the peak demand times during day, and the cost of coal and nuclear power has only gone up while energy storage has become cheaper. The claim that only renewables need energy storage is a blatant lie.
Also, to have a nuclear power plant ready to open in 2040 you needed to start your project in 2020 or even earlier and simply building it costs ten to twelve billion dollars per gigawatt; with a budget like that you could have built multiple gigawatts of both wind and solar and the energy storage for them AND have them producing power to pay for themselves years earlier.
The only question is which types of storage are cheapest and easiest to build(which includes lifespans) and which are the most efficient. 90% efficiency might not be worth it if we can get 50% at tenth of the price and without needing rare elements, especially if the plan is to store energy for days or longer. Losing some energy to inefficiency is less important when it is effectively free and would be lost if you don't have anything to store it with.

[@chrisheath2637]

"Arbitrage" is the term to use when you can consistently buy low, and sell high. (Actually retailers do exactly this). Tesla do this with energy...and will become a massive player in this field....(hardware, electronics, batteries, software and manufacturing)....

[@fernandobanos7255]

CATL will be much bigger in mega packs than Tesla because of cheaper products

[@himushkin606]

You talk a lot about cheeper and dencer battery but we people who build bikes want this tech and we dont see those inovations in stores we want to buy all this

[@hardi.howdy.983]

It never materializes what he promotes 😁

[@PeteZam]

the battery industry is mostly pie in the sky nonsense. every once in awhile one of these so called break throughs actually make it to mass production. the biggest one recently is definitely sodium ion batteries. CATL should hopefully start pumping the 2nd generation ones in mass volume soon. i dont think i have ever seen any other battery tech promoted on channels like this ever materialize into anything besides sodium batteries

[@ianclark9598]

I would have thought Rolls Royce used to make their own cars entirely, though I doubt they do now.

[@eldictator1]

Rolls Royce cars pretty much put together a bmw designed chassis and engine and the only unique part is the interior. RR PLC are the OG company that manufactures Aircraft engines and various other large vehicle power plants

[@ianclark9598]

@@eldictator1 Thank you for letting me know

[@JulianNoonan-lh8]

Vematum's technology is ahead of its time. This will be huge!

[@eddiegill]

Each Megapack factory can make $15 billion to $20 billion worth of batteries a year.

[@LaurieG.Marlow]

The security features of Vematum set it apart from others.

[@samjohnston4945]

Thanks Sam. Great segment. Have Tesla indicated they will have more mega(pack)factories than 3 Shanghai, Navada and Austin. At 40GW/factory/year, 120GW/yr seems low goal by Tesla standards.

[@larryevans6739]

Tesla's battery suppliers will make a lot of money if that's true... but storage is likely to become increasingly commoditized and the people who package other people's battery cells together into packs are likely to become disintermediated.

[@briand5379]

There are analysts that cover Tesla extensively that have a way better knowledge base when it comes to Tesla energy. If they're not missing it, then it's more than likely not happening. If my energy use isn't free at times of the day then what basis do you have to say Tesla is getting free energy, that simply not a thing.

[@MoseVaser]

The more I learn about Vematum, the more I believe in its vision.

[@simon-c2y]

10:20 a video on how much Chinese workers make in battery ev factories would be great.

[@inigoromon1937]

Molten salt and sand are a much better alternative. No problem with killing coal, but storage Will have to use simpler and scalable alternatives

[@hoffinger]

Or the iron rust battery devolped by MIT.

[@chrishaberbosch1029]

Actually current battery tech is cheaper and more scalable than molten salt by a lot, and getting cheaper.

[@lesliecarter4295]

Tesla appears to have the wrong battery technology going forward..?

[@andresgarciacastro1783]

Sodium

[@larryevans6739]

@@lesliecarter4295 Tesla doesn't have they battery technology. They buy it from suppliers.

[@MerrileStall]

If you're looking for a solid x100, Vematum should be on your radar.

[@AllDogsAreGoodDogs]

Having Megapacks they can just "plug in" reduces the utilities age-old excuse, "squirrel got caught in the transformer".

[@RetroGamer532]

I think with this quarter tsla energy is at max capacity so it probably won’t grow much anymore until next year when Shanghai factory is finished. Then it should double capacity once again, but after that we will need more mega factories, and I don’t think any have been announced yet

[@hoangvietho]

realistically, what's the competitive advantage that tesla has over byd or catl to sell battery packs ? My guess is that they have a brand image, but other than that once mega pack will be more common and commoditized, profit margin will be thin just like it's happening for ev but it will be quicker since the product is simplier

[@RebeccaB.Victor]

Vematum could be the dark horse of this crypto race.

[@Bluesayshello1]

Several other UA-camrs have called Tesla a power company, and it’s definitely poised to grow and grow, because megabatteries will do well (as renewables will spur the need for them). Also, Tesla working with Tesla power walls to create virtual V2G megastorage will also be huge.

[@jameswalker7899]

Didn't Tesla just get done building a battery factory out in Utah? How is that factory affected by this new battery facility in Shanghai?

[@SterlingMyers]

If Tesla is doing that great how come stock price is down 2% - sell you snake oil to someone else
I’m not buying it

[@barrythomas6429]

How long does a Solar Panel last ?.

[@bearcubdaycare]

The reason that i invested in Tesla years ago was mainly the energy sector potential.

[@BrunoHeggli-zp3nl]

Wrong!

[@ttkddry]

Energy is never free, there is always a network component you need to pay for the transmission. In Belgium that cost is higher than the actual energy costs. Sure the total price is lower but it is not 0. That is a common misconception....

[@philiptaylor7902]

Well the cost is borne by the grid. They have to compensate renewables producers for switching of their solar or wind farms. It’s “cheaper” for them (they lose less money) to give the electricity way or even to pay users to take it.

[@ttkddry]

@@philiptaylor7902 yes you would think it works like that but it is not the reality over here. Battery parks are individual entities, run by private companies and not the grid provider

[@philiptaylor7902]

@@ttkddry same here in the UK. In theory it’s a great business model if you can make it work. The grid pays you to take the electricity at times of low demand and buys it back at times of high demand. Probably not so simple in real life.

[@ttkddry]

@@philiptaylor7902 it is a good model for now as the government gave great subsidies to kickstart the BESS business here in Belgium, future will tell if new projects can get off the ground without free money :-)

[@KianFloppa]

#buildmoresolarpanels

[@grahambate1567]

Excellent video, will have to by some tesla stock

[@electricviking]

Good choice!

[@neildolan7177]

In 'many' cases, electricity is free? MANY?

[@stopscammingman]

I was impressed with the +127% figure, when I assumed it was annual growth. When you explained it was quarterly 🤯

[@jjohur]

Can you do a video on the autobidder AI software? That’s what sets Tesla apart.

[@johnfrancis4401]

CATL will be a threat to Tesla’s dominance. Of course the software is very important and this will slow the acceptance of CATL overseas. Huawei was cancelled because its software could not be trusted - as it could be controlled by the CCP

[@juliahello6673]

“Threat” “Dominance” “could not be trusted” “controlled” People are so weird. How about just trying to solve problems that affect all humanity instead of thinking in terms of these little made-up power dramas.

[@chrishaberbosch1029]

Tesla uses CATL. Not everything is a war.

[@lONlQ]

Don't forget Samsung battery box and Enblock. SDI owned 50% of ESS market until 2018.

[@ewc58]

Just found you, now subbed. Nice rundown, thank you 👍

[@user-hx3pd8zi5l]

Money follows Money

[@Guvament_bs]

Australia uses about 5 terra watt hours per week. Can someone tell me please how much would one weeks worth of battery storage would cost. I would appreciate it.

[@bfree6197]

One Tesla Megapack is priced online at 1.24 million dollars. It provides 2.6 MWH.
So, you need 384,615 battery packs for ONE Terra watt. That's about 477 Billion dollars for each Terra Watt of storage. That price does not include delivery, installation, wiring, labor, etc, etc
So, for 5 Terra Watts... getting close to 2.5 Trillion dollars before installing and making it functional. Maybe by the time its installed and functional... 4 Trillion plus dollars???

[@Guvament_bs]

​@@bfree6197thankyou, every one claims it's cheap and easy to go 100 per cent renewables. I have posted similar maths and figures previously and most just deny it even as you, I show how the figures are derived.

[@jurisvilde2151]

How many fossils make one gallon of fossil fuel?

[@philipdamask2279]

I would agree that utility scale batteries could be a bigger business than Tesla vehicles. Now do us a favor and do an honest evaluation of the economics of batteries to supply utility scale power which requires extra solar power to fill these batteries during the on peak hours.

[@Slaytheday388]

NIO power is bigger than Tesla

[@davidbrayshaw3529]

This is what Tesla (and their shareholders) should be focused on. Not robots or Johhny cabs, stationary storage.

[@PeteZam]

elon has stated numerous times that the energy division will be just as big if not bigger than the car division, as far as revenue goes. its just a much slower ramp to that scale

[@oktc68]

🤣 course it will, forgotten the SolarCity debacle? What are Tesla going to do, sell Chinese soar panels and batteries?

[@neildolan7177]

Batteries on their own, cannot provide stable back up for the grid without fossil fuel style generators.

[@mikafiltenborg7572]

No problems in Hawaii

[@neildolan7177]

@@mikafiltenborg7572 70% of electricity in Hawaii is generated from fossil fuels. LOL