Tesla sets sights on regaining US solar market leadership after installs jump

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Tesla reported a significant increase in energy storage deployments for the fourth quarter of 2020, more than doubling record figures from the previous quarter.

Tesla reported a significant increase in energy storage deployments for the fourth quarter of 2020, more than doubling record figures from the previous quarter as battery manufacturing expansions led to greater product availability but demand still outstrips supply. 

The company reported record energy storage system (EES) deployments of 1,584MWh in the fourth quarter of 2020, up from the previous quarter, which had been a new record for the company of 759MWh. Utility-scale storage systems have been key to significant growth, although residential demand was also increasing. 

Full-year ESS deployments reached 3,022MWh, compared to 1,651MWh in 2019, an increase of over 82% year-on-year. 

In the earnings call, Elon Musk, CEO of Tesla noted that overall battery capacity target (used for both EVs and ESS) in 2022 was 200GWh, stating that the company could probably “achieve 30% of targeted design capacity in 2022.”

The company had stated in its investor letter that ESS deployment demand and available supply in 2021 could result in similar growth rates seen in 2020.

Residential solar installs also jumped, rising from 57MW in Q3 2020 to 86MW in the final quarter of the year. It marks a significant jump on the 27MW deployed in Q2 2020, a performance largely attributed to the effects of the COVID-19 pandemic, and is the highest quarter of deployment since Q3 2018, when deployments topped 93MW.

Full-year deployments reached 205MW, up from 173MW in 2019.

Full-year deployments reached 205MW, up from 173MW in 2019. 

“So we're actually seeing tremendous growth in solar quarter-over-quarter last year,” noted Musk in the earnings call. “We do actually expect to become the market leader in solar and then go far beyond it.”

However, leading US residential installer, Sunrun had previously reported third quarter 2020 deployments of 109MW, a 40% sequential increase. 

Ahead of Tesla’s fourth quarter results, Sunrun had guided fourth quarter 2020 deployments of 171.6MW, due to the inclusion of solar deployments from Vivint Solar as its acquisition of a major rival closed on October 8, 2020.

Sunrun had guided fourth quarter 2020 deployments of 171.6MW, due to the inclusion of solar deployments from Vivint Solar as its acquisition of a major rival closed on October 8, 2020.

As a result, Sunrun is expected to have deployed 455.6MW in 2020, up from 413MW in 2019, despite the impact of COVID-19.

Sunrun’s solar deployments are more than double those deployments of Tesla in 2020. 

19 July 2022
Free webinar - Hear an updated and live talk that was first delivered by PV Tech's Head of Research, Dr Finlay Colville at the PV ModuleTech conference in Napa on 15 June 2022: - The PV industry has moved beyond its legacy supply/demand dynamics: why has this happened? - ASPs can’t go down globally in the near to mid-term: why is this the case? - Is there new capacity coming to the rescue? - Has China’s polysilicon industry become a new PV pricing cartel? - Making products & deploying domestically in a TW annual landscape: how can the U.S. really do this in practice? - The real PV technology roadmap: why do only 2% of producers matter today?
4 October 2022
Solar & Storage Finance USA, the only event that connects developers to capital and capital to solar and storage projects, will be back in November 2022.

Read Next

July 4, 2022
The Australian state of Victoria is promoting the uptake of rooftop solar as part of a new strategy aimed at reducing gas use and lowering household energy bills.
July 4, 2022
Net meting for rooftop PV is ending in Indiana through a policy change that critics have warned will make solar uneconomic for most families and businesses in the US state.
PV Tech Premium
June 20, 2022
After years of protracted disputes and business uncertainty, the US solar industry will soon find out the precise terms of the Uyghur Forced Labor Prevention Act (UFLPA) and its implications for the supply of solar products to the country.
June 15, 2022
NextEra Energy has announced its new decarbonisation strategy, dubbed Zero Carbon Blueprint, which includes eliminating all scope 1 and 2 emissions from its operations by 2045 without the use of carbon offsets and a massive increase in solar PV to 90GW by 2045.
June 13, 2022
The Indian solar sector looks set for significant levels of disruptions over the next two years, with the government’s drive to establish a domestic manufacturing base risking deployment and investments needing to double if it is to meet its climate targets, according to industry analysts.
June 9, 2022
Around 1 million households in New South Wales (NSW) will soon be eligible to receive a free rooftop solar system as the Australian state also begins a registration of interest process for its latest renewable energy zone (REZ).

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 19, 2022
Free Webinar - 10am and 6pm BST
Upcoming Webinars
July 27, 2022
9am (UTC +2) / 3pm (UTC +8)
Solar Media Events
October 4, 2022
New York, USA