Tesla Energy

Tesla Energy Operations, Inc. is the sustainable energy division of Tesla, Inc. that develops, manufactures, sells and installs photovoltaic solar energy generation systems, battery energy storage products and other related products and services to residential, commercial and industrial customers. The division was founded on April 30, 2015, when Tesla CEO Elon Musk announced that the company would apply the battery technology it developed for electric cars to a home energy storage system called the Powerwall. In November 2016, Tesla acquired SolarCity, in a US$2.6 billion deal, and added solar energy generation to Tesla Energy's business. This deal was controversial; at the time of the acquisition, SolarCity was facing liquidity issues. The company's current power generation products include solar panels (manufactured by other companies for Tesla), the Tesla Solar Roof (a solar shingle system), and the Tesla Solar Inverter. The company also makes a large-scale energy storage system called the Megapack. Additionally, Tesla develops software to support its energy products. In 2023, the company deployed solar energy systems capable of generating 223 megawatts (MW), a decrease of 36% over 2022. In 2024, it deployed 31.4 gigawatt-hours (GWh) of battery energy storage products, an increase of 113% over 2023. The division generated $10.1 billion in revenue for the company in 2024, a 67% increase over 2023.