Tesla is predicting it could sell more stationary storage to SolarCity during 2016 than was deployed in the entire behind-the-meter segment of the US market last year, according to analysis by GTM Research.
GTM issued a research brief on Monday, authored by senior energy storage analyst Ravi Manghani. Manghani looked at the EV and battery storage system maker’s most recent Form 14A proxy statement sent to stockholders on 15 April.
Tesla is expecting its revenues from selling to the residential and commercial PV installer to leap from US$8 million last year to US$44 million this year, a staggering 450% increase. According to Manghani, this could equate to 116MWh of energy storage at customer sites, for just one of Tesla’s customers, albeit one of the largest, the analyst said.
“That’s 60% larger than the entire 2015 US behind-the-meter energy storage market,” Manghani wrote, quoting around 71.4MWh of storage deployments in that segment nationwide in 2015.
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