File under interesting: Tesla to enter UK generation business?

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Tesla applies for UK electricity provider licence

The all electric car and battery maker has built up a significant battery storage business in recent years which it could deploy in the UK as a power source.

The Telegraph reported on Saturday that Tesla has taken its first step to becoming an energy provider in the UK by applying to Ofgem the UK’s energy regulator for a licence to generate electricity.

In Australia, the company designed the largest lithium-ion power storage facility in the world, which is capable of storing enough energy to power 30,000 homes.

Another possible purpose for the licence may be to introduce the company’s “Autobidder” platform into the UK. Autobidder is a real-time trading and control platform that provides value-based asset management and portfolio optimization, enabling owners and operators to configure operational strategies that maximize revenue according to their business objectives and risk preferences.

Autobidder provides independent power producers, utilities and capital partners the ability to autonomously monetize battery assets. Learn more on Tesla UK website.

Tesla has also quietly partnered with supplier Octopus Energy to offer a 
tariff specifically designed for electric vehicle owners. If you have an EV Octopus has a great night charge rate. Learn more via our link.

 

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