Tesla is updating its utility-scale giant battery decline Its profitable energy storage business.
Tesla revealed late Monday that the new battery product, called the Megapack 3, is tempting utility and data center developers to desperately use electricity. The super giant 3 MW stores about 1 MW of electricity, more than Tesla’s largest existing product and promises a longer life.
Tesla also launched the Megablock, which is a group of four Megapacks 3 units that can store 20 MWh. The company said grouping should reduce installation time by 23% and construction time by up to 40%. The cells of the battery pack will come from the United States, Southeast Asia and China.
By updating the thermal management system, the Megapack 3 will be able to range from –40°F to 140°F, and the specifications should cover anywhere on the planet.
However, investors will have to wait a while before they can see any impact on Tesla’s balance sheet. Both products will be produced in Tesla’s Megafactory near Houston and will not enter production until late 2026.
Tesla’s energy storage business may use lenses on the arm after reporting Two consecutive quarters The number of people has dropped this year. The company is a leading supplier of battery energy storage systems in 2024 according to To Wood Mackenzie.
Meanwhile, the rest of the energy storage industry has been developing rapidly.
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The new Houston plant is able to produce up to 50 GW of Megapack 3 and Megablock units each year. Last quarter, Tesla installed 9.6 GWh of fixed energy storage.
Tesla’s solar and energy storage business seems to have built-in customers in XAI, another company of CEO Elon Musk. AI companies have Added 168 Megapacks Data Center in South Memphis, Tennessee, though apparently Explore addition More and more gas turbines. No new batteries have been reported.
