Part 7/14:
Tesla's energy storage division is now ranked as the world’s leading energy storage company. This momentum reflects the global shift toward renewable energy sources like wind and solar, with Tesla reinforcing its position by expanding grid-scale battery installations. The share of renewable energy in worldwide electricity generation has surged to 30%, with wind and solar outpacing fossil fuels by incredible margins.
Analysts have calculated that Tesla’s energy storage assets alone—like the Mega Pack business—would justify a valuation near one trillion dollars, if considered independently. The company’s battery storage growth is critical in stabilizing grids, managing renewable energy intermittency, and fueling the broader transition to sustainable power.