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Tesla deployed greater than a gigawatt-hour of battery energy storage methods (BESS) in the course of the second quarter of this 12 months, however the firm has been impacted by part provide points.

The worldwide semiconductor scarcity was the primary think about a decline in year-on-year energy storage deployments, the corporate mentioned because it introduced its quarterly monetary outcomes yesterday.

CFO Zachary Kirkhorn mentioned in a convention name to debate outcomes that manufacturing of each Tesla’s residential Powerwall battery items and Megapack 3MWh utility-scale methods “stays component-constrained”. The corporate hopes the state of affairs will ease within the second half of the 12 months, Kirkhorn mentioned.

In Q2 2022, Tesla deployed 1,133MWh of storage, versus 1,274MWh in the identical interval of 2021 and 1,295MWh in Q3 2021. It was nonetheless a rise on figures from This autumn 2021 (978MWh) and Q1 2022 (846MWh).

Tesla quarterly battery storage deployments, from Q2 2021 to Q2 2022, in megawatt-hours (MWh). Picture: {Solar} Media.

Semiconductor shortages are having a better influence on the corporate’s energy enterprise than its automotive core enterprise division, though the excellent news seems to be that buyer demand was reported by the corporate to be robust. With demand persevering with to outstrip provide, Tesla is ramping up Megapack manufacturing.

Mixed with a stronger efficiency in solar PV deployments (106MW) than at any time since Q3 2017, Tesla mentioned its energy enterprise achieved larger volumes of gross sales with stronger unit economics, leading to an total gross revenue.

Tesla’s unaudited income figures supplied for the quarter don’t get away between {solar} PV and energy storage and are reported collectively as ‘Energy era and storage’.

In Q2 2022, revenues from energy era and storage have been US$866 million, in opposition to unaudited price of revenues of US$769 million. Yr-on-year, the margin has improved, after US$801 million revenues versus price of revenues of US$781 million have been reported for Q2 2021.

After Q1 2022 outcomes got here out in April, the corporate had mentioned one thing related about demand far outstripping manufacturing, however that quarter’s reported exercise was additionally constrained to a degree by shipping and other logistical delays owing to the COVID19 pandemic.

This day out, the pandemic’s direct results have been most felt in automotive manufacturing at Tesla’s Shanghai gigafactory, with the Chinese language metropolis subjected to sporadic lockdowns to restrict the unfold of infections.

Whereas semiconductors is likely to be the most important block to energy storage manufacturing this day out, CEO Elon Musk famous within the convention name yesterday that the pricing of different commodities has been unstable, describing lithium pricing particularly as “insane”.

Musk famous that mining of lithium is “comparatively straightforward” and that the steel itself is ample as a pure useful resource. The refining of lithium into excessive purity lithium carbonate and lithium hydroxide is “a lot tougher,” the CEO mentioned, however the margins refiners could make are corresponding to these for software program companies.

Musk reiterated a beforehand made name for entrepreneurs to get entangled in lithium refining, advising that they’d be granting themselves a license to print cash, such could be the profitability in a world with accelerating demand for batteries.

Energy storage stays one of many three pillars of a sustainable energy future, Musk mentioned, together with wind and {solar} for era and electric automobiles (EVs) for transport.

Certainly, again in October final 12 months, the corporate famous that it had achieved 96% compound annual growth rate (CAGR) in battery deployments over four years, as its Q3 2021 efficiency was reported.

By way of battery know-how, Tesla continues to develop its personal 4680 format lithium cells with dry electrode know-how discussed in its Battery Day in 2020. Nonetheless, the primary supply of cells will stay its provider companions together with Panasonic and LG, with Tesla not searching for to displace its outdoors suppliers however as an alternative add capability with in-house manufacturing.

The pace at which battery manufacturing output can develop is, Musk mentioned, “the elemental limiter” for the worldwide transition to sustainability given batteries’ key position within the transport and storage “pillars” of sustainability he referred to.

The world doesn’t want any additional breakthroughs in sustainability applied sciences, in response to the CEO, however as an alternative it wants breakthroughs within the pace and quantity of getting lithium from uncooked materials state into completed battery merchandise.

Musk and tech VP Drew Baglino famous, as they’ve beforehand carried out, that they foresee nearly all of stationary battery storage methods being made geared up with lithium iron phosphate (LFP) cells, with nickel chemistry batteries for use for longer vary automobiles and maybe aviation.

Baglino mentioned Tesla can also be seeking to construct up lithium refining capabilities of its personal.

“If our suppliers don’t clear up these issues, then we’ll,” Musk added.  

Earnings name transcript by Seeking Alpha.



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UK ‘wasting’ wind power without storage, study claims

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UK ‘wasting’ wind power without storage, study claims


August 11, 2022: The UK has “wasted” greater than 1TWh of wind energy since September 2021 as a result of it lacked enough lengthy length energy storage (LDES) capability, in accordance with analysis commissioned and launched by liquid air energy storage firm Highview Energy on July 28.

Highview stated the estimate of misplaced wind era, which emerged in analysis from consultancy Stonehaven, was primarily based on bid volumes in balancing markets auctions printed by Elexon, managers of Britain’s Balancing and Settlement Code — the foundations and governance preparations for electrical energy balancing and settlement LDES capability.

The analysis additionally confirmed widespread use of LDES may scale back the UK’s reliance on gasoline by 10 megatonnes by 2035, which Highview claimed could be the equal of eradicating gasoline from 4 million houses.

A separate survey carried out for Highview, by UK-based analysis and polling group YouGov, revealed {that a} majority (81%) of UK adults would assist authorities funding in energy storage.

Highview stated the web consultant survey of 1,818 adults, undertaken between July 19 and 20, indicated that 43% consider the nation imports an excessive amount of gasoline — a determine that rises to 54% amongst those that voted for the governing Conservative Get together in 2019.

CEO Rupert Pearce stated: “Our evaluation exhibits that LDES is a vital part of the UK’s energy safety and self-sufficiency. The YouGov findings present {that a} majority of voters assist authorities funding in LDES, which might underpin an environment friendly transition to renewables, lowering our dependency on gasoline.

“Merely put, there isn’t any transition to internet zero with out LDES.”

In June 2020, Highview said it had been given a £10 million ($12.5 million) UK authorities grant for its first industrial CRYOBattery, to be put in in northern England with Carlton Energy.

In Might final yr, Highview introduced it was growing as much as 2GWh of lengthy length, liquid air energy storage initiatives throughout Spain for an estimated funding of round $1 billion.



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Norway, Canada investment groups move into UK battery storage market

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Norway, Canada investment groups move into UK battery storage market


Norwegian renewable energy investor Magnora and Canada’s Alberta Funding Administration Company have introduced strikes into the UK battery storage market.

Extra precisely, Magnora has entered the UK {solar} market too, with an preliminary funding right into a 60MW {solar} PV undertaking and a 40MWh battery energy storage system (BESS) undertaking.

It’ll develop the tasks to a ready-to-build stage along with its native growth companion, after which divest them.

Whereas Magnora declined to reveal who its growth companion is, it famous that it had a 10-year monitor report of creating energy tasks within the UK.

Over the following 12 months, the investor will optimise the environmental and technical components of the undertaking, safe planning consents and cost-efficient grid connections, and put together the gross sales course of, it famous.

Magnora pointed to the UK’s 2050 web zero goal in addition to the Committee for Local weather Change’s suggestion that 40GW of {solar} PV by 2030 is probably going, as causes the UK market is enticing to worldwide traders.

Alberta Funding Administration Company (AIMCo) and funding supervisor Railpen have collectively acquired a 94% stake in UK battery storage firm, Constantine Energy Storage (CES).

CES develops grid-scale batteries and is planning to speculate greater than £400 million (US$488.13 million) to construct out a pipeline of tasks within the UK.

These tasks are presently beneath growth by Constantine Group subsidiary Pelagic Energy Developments.

“Constantine Group has a protracted monitor report of creating and managing renewable energy platforms,” mentioned Graham Peck, funding director at Constantine.

“Throughout this time, we’ve got seen rising deployment of renewable energy tasks creating a big market alternative and inherent infrastructure demand for energy storage. Via our subsidiary Pelagic Energy, CES has a sturdy undertaking pipeline of enormous and well-located battery tasks, that are deliverable within the close to time period, and thus present a safe pipeline of best-in-class belongings.”

Railpen has over £37 billion belongings beneath administration on behalf of a number of pension schemes.

AIMCo in the meantime, had $168.3 billion belongings beneath administration as of 31 December 2021. The institutional funding supervisor was arrange in 2008 and operates at arms-length from the Authorities of Alberta, investing globally on behalf of 32 pension, endowment and authorities funds.

This story initially appeared as two separate objects on our UK sister web site Solar Power Portal. Learn the complete model of the Magnora story here, learn the complete model of the AIMCo-Railpen-Constantine Energy story here.



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US BLM approves 250MW Arizona solar-plus-storage project on public land

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US BLM approves 250MW Arizona solar-plus-storage project on public land


Canadian renewables firm Revolve Renewable Energy has acquired approval to construct a 250MW solar-and-storage challenge on land managed by the US Bureau of Land Administration (BLM) in Arizona.

Situated in La Paz County, the Parker Mission will now conduct an environmental influence evaluation (EIA) in addition to interconnection examine for the location. Interconnection queues in the US, however, are at record lengths, with many builders shelving or cancelling tasks when confronted with a number of yr waits and excessive grid improve prices.

The corporate has contracted Wooden Group, a world engineering consultancy agency with expertise throughout the energy sector within the US, to guide the sector research required as a part of the Nationwide Environmental Coverage Act course of.

“Completion of the variance approval course of is a significant milestone for the event of the Parker Mission and is the results of some glorious work by the Revolve improvement staff working intently with the BLM over the past 10 months,” stated Steve Dalton, CEO of Revolve.

On the finish of 2021, the BLM started solicitating interest for utility-scale solar projects on nearly 90,000 acres of public land positioned throughout Colorado, Nevada and New Mexico.

On the time, it had stated it had allotted roughly 870,000 acres of federal public land as environmentally preferrable for {solar} leasing primarily based on the areas’ excessive potential for {solar} energy and suitability for utility-scale {solar} vegetation.

Simply final month, it issued final approval for the construction of a 500MW solar project within the desert of south-eastern California.

This story first appeared on PV Tech.



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