RE: Tesla Build New Battery Factory in Shanghai10 Apr 2023 09:57
Unlike most battery production, which mainly goes to the electric vehicle market, the Megapack factory will build cells for grid-scale energy storage, a much smaller sector. There were about 19.3 gigawatt-hours of installed stationary battery storage at the end of 2020, according to the International Energy Agency. Thatβs likely to grow to more than 150 gigawatt-hours by 2026.
Musk, however, has a much grander vision for the sector, expecting storage to pair with renewable energy to do much of the heavy lifting in decarbonizing electricity and greening industrial sectors. Teslaβs master plan forecasts about 46,200 gigwatt-hours of stationary battery storage need to be installed in the next 20 years.
The Megapack is intended as a massive battery to help stabilize energy grids, with the company saying each unit can store enough energy to power an average of 3,600 homes for one hour. The new factory will initially produce 10,000 Megapacks every year, equal to around 40 gigawatt-hours of energy storage, and the products will be sold worldwide.