Tesla Applies To Become UK Electricity Provider

guest · May 5, 2020

Tesla Applies To Become UK Electricity Provider
May 5, 2020
https://www.silicon.co.uk/workspace/tesla-uk-electricity-342225

Tesla has applied for a licence to generate and supply electricity in the UK, documents show.
The company is best known for its electric cars, but also manufactures batteries for power storage and solar-power devices.

Tesla Motors applied for the licence to the Gas and Electricity Markets Authority in documents filed on Tuesday.
Evan Rice, Tesla’s energy products sales director, signed the papers.
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Power generation
The firm applied for a licence to generate electricity to supply “any premises” in the UK.

Tesla makes a home version of its battery, called Powerwall, that costs thousands of pounds and requires the installation of solar panels.
The company also supplies electricity on an industrial scale, as in South Australia where it built one of the world’s largest lithium-ion batteries for renewable energy company Neoen.
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The Telegraph: Tesla applies for UK electricity provider licence

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.
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Tesla has also quietly partnered with supplier Octopus Energy to offer a tariff specifically designed for electric vehicle owners.

“If you are a manufacturer of electric vehicles, you’d think they’d be very interested in offering an energy plan too,” said Martin Young, a power analyst at Investec.
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