fbpx
Friday, 27 August 2021 20:39

Tesla Making Moves to Become Electricity Provider in Texas

Written by Simon Alvarez, Teslarati

Index

Share This:

 

The sleeping giant that is Tesla Energy is showing signs it is waking up.

Tesla filed an application with the Texas Public Utility Commission to sell power in the state. The application came as the company pursues a number of high-profile battery storage projects in the state, such as a 100 MW system in Angleton, TX, and a 250 MW battery near Giga Texas. 

 

The filings, initially reported in Texas Monthly, were filed in mid-August by a new Tesla subsidiary called Tesla Energy Ventures. In classic Tesla fashion, the public details about the initiative are pretty scarce, though individuals familiar with the matter have noted if the filings are approved this November, Tesla Energy Ventures may very well stand out among the state’s crowded, deregulated retail energy market.

 

Texas is home to numerous electricity companies, and Tesla, which has made a name for itself as a premium brand, would likely not fight it out with the state’s bargain power retailers.

 

Tesla could have an edge against its competitors, however, as the company could sell power either drawn from the grid or pulled from residential Tesla batteries in the event of a blackout. Tesla may even allow Texans with solar panels to earn money by sharing their excess power with the grid. 

 

Tesla Energy’s entry into the Texas energy market comes at the perfect time. The state, after all, just experienced widespread blackouts in February due to winter storms, which triggered widespread power outages across Texas. The state’s power providers took a massive hit following the blackouts, with five electric retailers exiting the market since February.

 

But with these departures came opportunities for other energy providers like Tesla, as 13 different companies have...


Previous Page Continue reading »

Read 192 times