Installation of large-scale energy storage systems is expected to continue increasing in the U.S. throughout 2024, as championed by only a handful of states thus far.
According to data from the Energy Information Administration (EIA) shared on Tuesday, U.S. energy storage system deployment is expected to nearly double in 2024, with battery capacity forecasted to grow by 89 percent. As of November 2023, two U.S. states have installed substantially more energy storage systems than others, making up the vast majority of battery capacity available.
The data shows that California leads energy storage availability by a wide margin, with just over 7.3 GW (7,302 MW) of battery capacity installed. Texas follows in second with nearly 3.2 GW (3,167 MW) installed, while Arizona, Florida, and Massachusetts are next in the lineup.
You can see the full top 10 list for U.S. states with the most battery capacity installed below, courtesy of the EIA.
Credit: Energy Information Administration
The data takes into account planned storage system projects for the next two years, and the agency says developers are aiming to expand U.S. storage capacity by 30 GW by the end of 2024. As the EIA also notes, U.S. battery storage capacity has been increasing since 2021, and if the aforementioned goal is achieved, the country will have more energy storage than petroleum liquids, geothermal, wood and wood waste, or landfill gas by the end of this year.
There are over 300 utility-scale battery storage projects planned to be brought online by 2025, with roughly half of them being in Texas. Currently, the largest operating battery energy storage system (BESS) is a project operated by Vistra in Moss Landing, California, which has 750 MW of capacity and is located not far from Tesla’s 182.5 MW Megapack site in the same city.
-->Four out of five of the largest BESS installations set to take place in 2024 or 2025 are in Texas, as listed below:
- Lunis Creek BESS SLF (Texas, 621 MW)
- Clear Fork Creek BESS SLF (Texas, 600 MW)
- Hecate Energy Ramsey Storage (Texas, 500 MW)
- Bellefield Solar and Energy Storage Farm (California, 500 MW)
- Dogwood Creek Solar and BESS (Texas, 443 MW)
As for the recent increases in storage capacity, the agency says that quickly increasing wind and solar generation fleets in California and Texas have increased the need for growth in the battery storage sector. With energy storage projects, utility operators are able to store power during times of low electricity demand and then deploy stored energy during times of peak demand.
Credit: Energy Information Administration
The news comes just a few days after Tesla Megapacks went live on the island of Oahu in Hawaii, enabling a 185 MW project that has helped the island move away from the use of coal. The project isn’t represented in the EIA’s dataset, since that data only accounts for installations through last November.
In addition to its grid-scale Megapacks, Tesla also offers smaller, residential-level Powerpacks to create what it calls Virtual Power Plants (VPPs), essentially forming giant, distributed batteries that customers can use to sell energy back to the grid in times of peak demand. Currently, Tesla has pilots for these programs in states including California, Texas and Massachusetts, along with the U.S. territory of Puerto Rico.
Tesla Powerwall owner earns $574 by participating in California’s VPP program
What are your thoughts? Let me know at zach@teslarati.com, find me on X at @zacharyvisconti, or send your tips to us at tips@teslarati.com.
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Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
Tesla Europe has announced that its “Future Holidays” campaign will feature Full Self-Driving (Supervised) ride-along experiences in the Netherlands.
The festive event series comes amid Tesla’s ongoing push for regulatory approval of FSD across Europe.
The Holiday program was announced by Tesla Europe & Middle East in a post on X. “Come get in the spirit with us. Featuring Caraoke, FSD Supervised ride-along experiences, holiday light shows with our S3XY lineup & more,” the company wrote in its post on X.
Per the program’s official website, fun activities will include Caraoke sessions and light shows with the S3XY vehicle lineup. It appears that Optimus will also be making an appearance at the events. Tesla even noted that the humanoid robot will be in “full party spirit,” so things might indeed be quite fun.
“This season, we’re introducing you to the fun of the future. Register for our holiday events to meet our robots, see if you can spot the Bot to win prizes, and check out our selection of exclusive merchandise and limited-edition gifts. Discover Tesla activities near you and discover what makes the future so festive,” Tesla wrote on its official website.
-->This announcement aligns with Tesla’s accelerating FSD efforts in Europe, where supervised ride-alongs could help demonstrate the tech to regulators and customers. The Netherlands, with its urban traffic and progressive EV policies, could serve as an ideal and valuable testing ground for FSD.
Tesla is currently hard at work pushing for the rollout of FSD to several European countries. Tesla has received approval to operate 19 FSD test vehicles on Spain’s roads, though this number could increase as the program develops. As per the Dirección General de Tráfico (DGT), Tesla would be able to operate its FSD fleet on any national route across Spain. Recent job openings also hint at Tesla starting FSD tests in Austria. Apart from this, the company is also holding FSD demonstrations in Germany, France, and Italy.
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Tesla sees sharp November rebound in China as Model Y demand surges
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month.
Tesla’s sales momentum in China strengthened in November, with wholesale volumes rising to 86,700 units, reversing a slowdown seen in October.
New data from the China Passenger Car Association (CPCA) shows a 9.95% year-on-year increase and a 40.98% jump month-over-month. This was partly driven by tightened delivery windows, targeted marketing, and buyers moving to secure vehicles before changes to national purchase tax incentives take effect.
Tesla’s November rebound coincided with a noticeable spike in Model Y interest across China. Delivery wait times extended multiple times over the month, jumping from an initial 2–5 weeks to estimated handovers in January and February 2026 for most five-seat variants. Only the six-seat Model Y L kept its 4–8 week estimated delivery timeframe.
The company amplified these delivery updates across its Chinese social media channels, urging buyers to lock in orders early to secure 2025 delivery slots and preserve eligibility for current purchase tax incentives, as noted in a CNEV Post report. Tesla also highlighted that new inventory-built Model Y units were available for customers seeking guaranteed handovers before December 31.
This combination of urgency marketing and genuine supply-demand pressure seemed to have helped boost November’s volumes, stabilizing what had been a year marked by several months of year-over-year declines.
-->For the January–November period, Tesla China recorded 754,561 wholesale units, an 8.30% decline compared to the same period last year. The company’s Shanghai Gigafactory continues to operate as both a domestic production base and a major global export hub, building the Model 3 and Model Y for markets across Asia, Europe, and the Middle East, among other territories.
Tesla bear Michael Burry got blunt with his beliefs over the company’s valuation, which he called “ridiculously overvalued” in a newsletter to subscribers this past weekend.
“Tesla’s market capitalization is ridiculously overvalued today and has been for a good long time,” Burry, who was the inspiration for the movie The Big Short, and was portrayed by Christian Bale.
Burry went on to say, “As an aside, the Elon cult was all-in on electric cars until competition showed up, then all-in on autonomous driving until competition showed up, and now is all-in on robots — until competition shows up.”
Tesla bear Michael Burry ditches bet against $TSLA, says ‘media inflated’ the situation
For a long time, Burry has been skeptical of Tesla, its stock, and its CEO, Elon Musk, even placing a $530 million bet against shares several years ago. Eventually, Burry’s short position extended to other supporters of the company, including ARK Invest.
Tesla has long drawn skepticism from investors and more traditional analysts, who believe its valuation is overblown. However, the company is not traded as a traditional stock, something that other Wall Street firms have recognized.
While many believe the company has some serious pull as an automaker, an identity that helped it reach the valuation it has, Tesla has more than transformed into a robotics, AI, and self-driving play, pulling itself into the realm of some of the most recognizable stocks in tech.
Burry’s Scion Asset Management has put its money where its mouth is against Tesla stock on several occasions, but the firm has not yielded positive results, as shares have increased in value since 2020 by over 115 percent. The firm closed in May.
In 2020, it launched its short position, but by October 2021, it had ditched that position.
Tesla has had a tumultuous year on Wall Street, dipping significantly to around the $220 mark at one point. However, it rebounded significantly in September, climbing back up to the $400 region, as it currently trades at around $430.
It closed at $430.14 on Monday.
Tesla Europe rolls out FSD ride-alongs in the Netherlands’ holiday campaign
Tesla sees sharp November rebound in China as Model Y demand surges
