Tesla has taken its first step to becoming an energy provider in the UK, a document reviewed by The Telegraph shows. In a move that analysts predict could shake up the country’s power landscape, the electric car company has applied to the UK’s energy regulator for a licence to generate electricity. The application does not make clear why Tesla has applied for the licence. The California-based company declined to comment. Having built a significant battery business in recent years, industry sources say that Tesla is now preparing to enter the British market with its technology.
Telegraph 2nd May 2020 read more »
Tesla is preparing to build a new British energy business through which it could control thousands of batteries in people’s homes to help National Grid to keep the lights on. The electric vehicle and battery technology group run by the billionaire entrepreneur Elon Musk applied last week to Ofgem, the energy regulator, for an electricity generation licence. Tesla has declined to comment on its plans but has indicated that the move is linked to a technology platform it has created called Autobidder. This enables it to control thousands of small household battery packs that charge from sources such as solar panels, aggregating and trading their power so that together they form a “virtual power plant” that can provide meaningful amounts of electricity to National Grid. Although batteries do not actually generate power — rather storing electricity generated elsewhere and then discharging it — companies that want to trade power from batteries are still required by Ofgem to obtain an electricity generation licence.
Times 4th May 2020 read more »
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Renew Economy 4th May 2020 read more »