Tesla is now an officially licensed utility in the United Kingdom, According According to a new report from the Wall Street Journal. The automotive and energy company recently received a license from the Gas and Electricity Markets Office, allowing it to sell electricity directly to domestic and commercial and industrial users.
The company has been active in the electricity market for a long time. It was preceded by Pure Energy products, the Powerwall and the Powerpack. Introduced in 2015But this did not happen until a year later when Tesla Merger with Solar City This started the division growing rapidly. company in 2022 Tesla Electric launched In Texas, that allowed it to sell electricity directly to customers. Powerwall owners can sell electrons from their batteries to participate in the company’s virtual power plant.
The new division, known as Tesla Energy Ventures, will compete with existing utilities in the UK including EDF, E.ON and Octopus Energy. The competition with the octopus should prove particularly interesting. Since its founding in 2015, Octopus has Become the country’s biggest utility By focusing on sleek software, renewable energy and creative marketing. Sound familiar?
