Tesla has launched its newest technology residence battery system in one other U.S. territory as the corporate’s vitality enterprise continues to roll the brand new know-how out in markets all over the world.
In a submit on X on Monday, Tesla Power introduced that the Powerwall 3 is now out there in Puerto Rico, following the corporate’s launch of a Digital Energy Plant (VPP) program within the U.S. territory final yr. Tesla additionally launched the next-generation Powerwall throughout the remainder of the U.S. earlier this yr, and in different international locations, together with Canada, Germany, and nonetheless others.
Credit score: Tesla Power | X
READ MORE: Tesla Power already exceeded FY 2023’s battery deployments—and there’s nonetheless one quarter left
Tesla Powerwall 3 launch and up to date milestones
Tesla formally launched the Powerwall 3 on its web site within the U.S. in February, although the corporate had been quietly beginning putting in them within the nation all through a lot of final yr. Along with beginning to deploy the Powerwall 3 in quite a lot of markets all through this yr, Tesla has additionally reached a number of manufacturing, supply, and different milestones in 2024.
Most lately, Tesla introduced final month that its Powerwall manufacturing crew at Gigafactory Nevada had constructed over 1,000 models in a single day. The identical manufacturing crew produced greater than 500 Powerwall models in a single shift in August.
As of Q3, Tesla had deployed over 750,000 Powerwall models globally, of which greater than 100,000 are taking part within the firm’s VPP packages—which successfully create big, distributed batteries from a area’s Powerwall house owners throughout occasions of peak vitality demand.
Puerto Rico’s VPP program has the potential to change into the corporate’s largest VPP program but, with round 75,000 Powerwall house owners across the time it launched final November. Tesla additionally particulars the Puerto Rico VPP program on its web site right here.
To make certain, many of the Powerwalls concerned in these VPPs and deployed all through the world are nonetheless comprised of Tesla’s Powerwall 2 models, although the Powerwall 3 has been rolling out to increasingly more international locations and areas.
Tesla Power: manufacturing and supply scales for this high-margin enterprise
The information of Tesla widening the attain of its Powerwall 3 additionally comes as this yr involves an finish, a yr throughout which Elon Musk predicted the vitality enterprise would make some substantial strides. Along with the Powerwall being produced and delivered in excessive volumes, Tesla’s grid-scale Megapack batteries have been logging on extra often than ever, dwelling as much as Musk’s predicted hype.
Heading into 2024, Musk stated he anticipated Tesla Power to develop into its highest-margin enterprise, and predicted that the vitality sector’s gross sales progress fee would outpace that of its automotive arm. Within the third quarter, Tesla Power reached a document gross revenue margin of 30.5 %, together with delivering a document 6.9 GWh of vitality merchandise to drive the corporate previous its full-year 2023 vitality deployments.
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