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Tesla Will Install More Energy Storage with Solarcity in 2016 Than U.S. Installed in 2015

April 26th, 2016

Disclosure: I sell solar power systems in New Zealand.

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Via: electrek:

It looks like Tesla is about to change the battery game – this time by installing more energy storage capacity in 2016 with SolarCity alone than all of the USA installed in 2015. In a recent filing with the SEC, it was found that Tesla foresees an almost 10X increase in sales to SolarCity for behind the meter storage.

We recognized approximately $4.9 million in revenue from SolarCity during fiscal year 2015 for sales of energy storage products governed by this master supply agreement, and anticipate recognizing approximately $44.0 million in such revenues during fiscal year 2016.

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