Tesla Deploys 31.4 GWh of Energy Storage, Utah's Green River Energy Center Nears Completion with 400 MW Solar and 1600 MWh Battery

  • Global: In 2024, Tesla deployed 31.4 GWh of energy storage, a 213% increase from 2023. Bloomberg New Energy Finance forecasts almost 2.4 TWh of battery energy storage by 2030.

  • Global: Battery cell costs have fallen approximately 29% for every doubling of market size.

  • Global: A new generation of "3xx Ah" lithium ferro-phosphate (LFP) cells offers higher energy density and lower unit costs.

  • Global: In 2024, average energy storage system (ESS) pricing fell 40% to $165/kWh. Chinese ESS prices averaged $66.3/kWh in December 2024.

  • USA: The Green River Energy Center in Utah, featuring a 400 MW solar plant and a 1600 MWh battery facility, is nearing completion and is planned to come online in 2025.

  • USA: Meta-supported projects are adding 1719 megawatts of renewable energy in Utah.

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