In our article about what to expect during this week’s Tesla earnings call, one of the topics we thought would come up was energy storage — Powerwalls and Megapacks — and it did. Elon Musk has said he thinks profits from the energy storage business will one day equal or exceed those from manufacturing cars and trucks.
My colleague Martin Vinkhuysen has already written about Musk’s projection that Tesla will soon be selling 1 million Powerwall residential storage batteries a year. But what slipped by during the conference call was Musk’s statement that the Megapack grid-scale battery storage system is sold out through the end of next year.
“We have a significant unmet demand in stationary storage. Megapack is basically sold out through the end of next year, I believe,” Elon Musk said in response to a question from New Street Research analyst Pierre Ferragu. That’s right. If you are a utility company or a renewable energy company that wants to add a Tesla Powerpack or two (or a hundred), get in line.
“As all transitions to sustainable energy production, solar and wind are intermittent and by their nature really need battery packs in order to provide a steady flow of electricity. And when you look at all the utilities in the world, this is a vast amount of batteries that are needed. That’s why in the long term, we really think sort of combined Tesla and suppliers need to produce at least 1,000 gigawatt-hours a year, and maybe 2,000 gigawatt-hours a year,” Musk said on Monday.
2,000 MWh? Holy anodes, Batman. Musk told those on the earnings call that Tesla expects to see a significant increase in battery cells from its existing suppliers and has contracts with them to nearly double their cell supply in 2022. It is thinking of overshooting cell supply estimates for vehicles and routing excess batteries to Megapack and Powerwall production.
Are the latest 4680 battery cells destined for energy storage purposes, asked Pierre Feragu? Is Tesla planning to share its 4680 technology with its suppliers, so they can manufacture those cells? Musk did not specifically answer that question, so draw your own conclusions.
A few weeks before the earnings call, Tesla updated the order page for the Megapack with new details and prices. It now shows the Megapack has a starting price of about $1.2 million per unit, depending on which state or US territory the installation will take place in. Potential Tesla customers can order up to 1,000 Megapacks, which would cost around $850 million. That works out to $278 per kWh installed. Related story from last October: “Tesla Megapack, Powerpack, & Powerwall Battery Storage Prices Per KWh — Exclusive.“
Is Musk’s prediction that energy storage could become a major source of income for Tesla correct? It certainly seems that way, particularly if it can obtain the battery cells it needs to meet the demand. Having enough orders to keep its energy storage division busy for the next 18 months certainly seems to be a hopeful sign and one that many analysts and Tesla watchers overlook.
Tesla’s Solar Roof may or may not ever take off, but its energy storage business is certainly in high gear. As more utility companies see their competitors adding grid-scale battery storage and reaping the rewards, business is only going to get better.
The Top Gear TV show might be over, but its tamed racing driver – a masked, anonymous hot shoe known only as “the Stig” – lives on … and his latest adventure involves pitching the 1,400 hp electric Ford SuperVan demonstration vehicle around the famed Top Gear test track. Sideways.
In this video from the official Top Gear YouTube channel (is Top Gear just a YouTube show, now?), the boxy Ford racer seems to have sprouted an additional 600 peak horsepower in its latest “4.2” iteration, for a stout 2,000 hp total. For his (?) part, the Stig puts all of those horses to work in what appears to be a serious attempt to take the overall track record.
I won’t spoil the outcome for you, but suffice it to say that even the most die-hard anti-EV hysterics will have to admit that SuperVan is a seriously quick machine.
SuperVan 4.2: How fast can a 2000 hp transit go?
[SPOILERS AHEAD] Even with 2,000 hp, instant torque, and over 4,000 lbs. of aerodynamic downforce, the SuperVan wasn’t able to beat the long-standing 1st and 2nd place spots held by the Renault R24 (a legit Formula 1 race car) and the Lotus T125 Exos (a track-only special that sure looks like a legit Formula 1 race car), but after crossing the line with a time of 1:05.3, the Ford claims third place on the overall leaderboard.
You can check out the video (above) and watch the whole segment for yourself, or just skip ahead to the eight-minute mark to watch the tire-shredding sideways action promised in the headline. If you do, let us know what you think of Ford’s fast “van” in the comments.
Swedish multinational Sandvik says it’s successfully deployed a pair of fully autonomous Toro LH518iB battery-electric underground loaders at the New Gold Inc. ($NGD) New Afton mine in British Columbia, Canada.
The heavy mining equipment experts at Sandvik say that the revolutionary new 18 ton loaders have been in service since mid-November, working in a designated test area of the mine’s “Lift 1” footwall. The mine’s operators are preparing to move the automated machines to the mine’s “C-Zone” any time now, putting them into regular service by the first of the new year.
“This is a significant milestone for Canadian mining, as these are North America’s first fully automated battery-electric loaders,” Sandvik said in a LinkedIn post. “(The Toro LH518iB’s) introduction highlights the potential of automation and electrification in mining.”
The company says the addition of the new heavy loaders will enable New Afton’s operations to “enhance cycle times and reduce heat, noise and greenhouse gas emissions” at the block cave mine – the only such operation (currently) in Canada.
Electrek’s Take
From drilling and rigging to heavy haul solutions, companies like Sandvik are proving that electric equipment is more than up to the task of moving dirt and pulling stuff out of the ground. At the same time, rising demand for nickel, lithium, and phosphates combined with the natural benefits of electrification are driving the adoption of electric mining machines while a persistent operator shortage is boosting demand for autonomous tech in those machines.
European logistics firm Contargo is adding twenty of Mercedes’ new, 600 km-capable eActros battery electric semi trucks to its trimodal delivery fleet, bringing zero-emission shipping to Germany’s hinterland.
With the addition of the twenty new Mercedes, Contargo’s electric truck fleet has grown to 60 BEVs, with plans to increase that total to 90. And, according to Mercedes, Contargo is just the first.
Contargo’s 20 eActros 600 trucks were funded in part by the Federal Ministry for Digital Affairs and Transport as part of a broader plan to replace a total of 86 diesel-engined commercial vehicles with more climate-friendly alternatives. The funding directive is coordinated by NOW GmbH, and the applications were approved by the Federal Office for Logistics and Mobility.