From Barron's, May 11/12:
Ford Motor is starting up a new business that Tesla pioneered: Energy Storage.
Monday, Ford introduced Ford Energy,” which will deliver “United States-assembled battery energy storage systems for utilities, data centers, and large industrial and commercial customers in the United States.”
The same lithium-ion batteries that power EVs can also be used to store energy from renewable power generation, which helps make solar and wind power-generating assets more reliable.
Tesla has a large energy storage business. It’s deployed about 45 gigawatt hours of battery storage over the past 12 months. That’s enough power to run several thousand American homes for a year. Ford plans to deploy “at least 20 gigawatt hours annually, with first customer deliveries planned for late 2027.”....
....MUCH MORE
If interested see also:
April 2023 - "Australia is quitting coal in record time thanks to Tesla" (TSLA)
January 12, 2024 - "(Big) Batteries: "‘World leading' Tesla battery online to help kick coal out of Hawaii" (TSLA)"
May 30, 2025 - "Tesla Appointed Supplier To Giant RWE Battery Electric Storage System"
June 28, 2024 - Morgan Stanley Analyst Adam Jonas Writes A Love Letter To Tesla (TSLA)
July 5, 2024 - The Big Money In Tesla's Energy Storage Business (TSLA)
July 11, 2024 - Adam Jonas, Morgan Stanley's Auto Analyst Raises His Valuation Of Tesla's Energy Business, Lowers Valuation Of Auto Biz (TSLA)
July 19, 2024 - "UK Firm to Use Tesla Batteries to Build French Storage Project" (TSLA)
And going back to a January 2023 post:
One of the more interesting bits in the 8K filing (and slide deck) was "Energy Storage" up 152% year-over-year in Q4. Elon is successfully building an entire new business inside of Tesla.
The "successfully" was underlined in the original.
Also the earnings call transcripts. Here's "Tesla Earnings Call Q1 2025: Highlights And Complete Transcript (TSLA)", April 2025:
...So let’s see. With respect to energy, our energy business is doing very well. The Megapack is enables utility companies to output far more total energy than would otherwise be the case.
When you think of the the energy capability of a grid, it’s much it’s much more than, let’s say, say, total energy output per year. If is if if if a power plants could operate at peak power for all twenty four hours as opposed to being at half power, sometimes a quarter power at night, then you could double the energy output of existing power plants. But in order to do that, you need to buffer the energy so that you can charge up the something like battery pack at night and then discharge into the grid during the day. So this is a massive unlock on total energy output of any given grid over the course of the year. And utility companies are beginning to realize this and are are buying in our mega packs at scale.
So at at this point, a gigawatt class battery is quite a common thing. So we have many orders in the hopper for gigawatt and beyond batteries. And we we expect the energy the the stationary energy storage business to scale ultimately to terawatts per year. So very, very good numbers....