News Article

Tesla Electric is preparing to expand in the UK

LONDON -

According to a new job posting, Tesla Electric, Tesla’s new electric utility division, is preparing to expand in the United Kingdom.

Late last year, after gaining experience through its virtual power plants (VPPs), Tesla took things a step further with the launch of “Tesla Electric.”

Instead of reacting to specific “events” and providing services to your local electric utilities, as Tesla Powerwall owners have done in VPPs in California, Tesla Electric is actively and automatically buying and selling electricity for Tesla Powerwall owners – providing a buffer against peak prices.

The company is essentially becoming an energy retailer.

Tesla Electric is currently only available to Powerwall owners in Texas, but the company has plans to expand its products through this new division.

We recently reported on Tesla Electric customers in Texas making as much as $150 a day selling electricity to the grid.

Now Tesla is looking to expand Tesla Electric to the UK.

The company has listed a new job posting for a role called “Head of Operations, Tesla Electric – Retail Energy.”

This has been in the works for a while now. Tesla used to have a partnership with Octopus Energy in the UK for special electricity rates for its owners, but it seemed to be a stepping stone before it would itself become an energy provider in the market.

In 2020, Tesla was officially approved as an electricity retailer in the UK. Now it looks like Tesla is going to use this approval with the launch of Tesla Electric.
 

Related News

solar power

States have big hopes for renewable energy. Get ready to pay for it.

ALBANY - A generational push to tackle climate change in New York is quickly becoming a pocketbook issue headed into 2024.

Some upstate New York electric customers are already paying 10 percent of their utility bill to support the state’s effort to move off fossil fuels and into renewable energy. In the coming years, people across the state can expect to give up even bigger chunks of their income to the programs — $48 billion in projects is set to be funded by consumers over the next two decades.

The scenario is creating a headache for New York Democrats grappling with the…

READ MORE
Funding Approved for Bruce C Project Exploration

Funding Approved for Bruce C Project Exploration

READ MORE

nova scotia flag

N.S. approves new attempt to harness Bay of Fundy's powerful tides

READ MORE

adani-electricity-power-supply-cuts-in-mumbai

Adani Electricity's Power Supply Cuts in Mumbai

READ MORE

power tower

Canada's looming power problem is massive but not insurmountable: report

READ MORE