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While Tesla is widely known for its electric vehicles, the company's energy storage business has been quietly growing into a significant part of its operations. Tesla Energy, the division responsible for energy storage and generation products, is rapidly becoming a major player in the global transition to sustainable energy.
Tesla's energy storage business primarily focuses on two main product lines: the Powerwall for residential use and the Megapack for utility-scale applications. The Powerwall is a rechargeable lithium-ion battery designed for home energy storage, allowing homeowners to store excess solar energy or cheap off-peak grid electricity for use during peak hours or power outages. The Megapack, on the other hand, is a large-scale battery storage solution aimed at utilities and large commercial customers, capable of storing up to 3 megawatt-hours of energy per unit[1].
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