The third-generation Shenxing battery can be charged from 10% to nearly full in less than 7 minutes, showcasing ultra-fast charging capabilities that surpass competitors.
Charging from 10 to 98 percent took just six minutes and 27 seconds. The more standard 10-80 percent time takes just three minutes, 44 seconds. Only have a minute to plug in? Still sufficient to get from 10 to 35 percent state of charge.
Last year, the company's profit fell 45% compared with 2024, driven in large part by falling sales of its electric vehicles. Investors anticipated the decline in sales, but Tesla still beat Wall Street earnings and revenue estimates thanks to its energy storage business. Tesla deployed a record 46.7 gigawatt-hours of energy storage products in 2025, a 48% increase from last year, according to the company's official filings.
The group points out, correctly, that the grid is designed for brief bursts of high demand; most of the time there's lots of capacity that goes unused. Utilize thinks that should change. The group argues that smarter ways to use that capacity already exist. Utilize name checks a number of those solutions, including battery storage, demand response, and virtual power plants, all of which have emerged en masse over the last decade, but remain under utilized.