Tesla Energy

Tesla Energy Operations, Inc.

Company type	Division
Industry	Renewable energy
Predecessors	SolarCity Zep Solar
Founded	April 30, 2015; 9 years ago (2015-04-30)
Products	Solar panels Solar Roof Powerwall Megapack
Production output	14.7 GWh battery energy storage systems (2023) 223 MW solar (2023)
Revenue	US$6.04 billion (2023)
Parent	Tesla, Inc.
Website	tesla.com/energy
Footnotes / references Financials as of December 31, 2023[update]. References: [1][2]

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Tesla Energy Operations, Inc. is the clean energy division of Tesla, Incorporated that develops, manufactures, sells and installs photovoltaic solar energy generation systems, battery energy storage products and other related products and services to residential, commercial and industrial customers.

The division was founded on April 30, 2015, when Tesla CEO Elon Musk announced that the company would apply the battery technology it developed for electric cars to a home energy storage system called the Powerwall. In November 2016, Tesla acquired SolarCity, in a US$2.6 billion deal, and added solar energy generation to Tesla Energy's business. This deal was controversial; at the time of the acquisition, SolarCity was facing liquidity issues.

The company's current power generation products include solar panels (manufactured by other companies for Tesla), the Tesla Solar Roof (a solar shingle system), and the Tesla Solar Inverter. The company also makes a large-scale energy storage system called the Megapack. Additionally, Tesla develops software to support its energy products.

In 2023, the company deployed solar energy systems capable of generating 223 megawatts (MW), a decrease of 36% over 2022, and deployed 14.7 gigawatt-hours (GWh) of battery energy storage products, an increase of 125% over 2022. The division generated $6.04 billion in revenue for the company in 2023, a 55% increase over 2022.