Tesla becomes a utility in the UK, setting up showdown with Octopus Energy
The automotive and energy company recently received a license from the Office of Gas and Electricity Markets, allowing it to sell electricity directly to households and commercial and industrial users.
The company has long dabbled in electricity markets.
Its first pure energy products, the Powerwall and Powerpack, were introduced in 2015, but it wasn’t until a year later when Tesla merged with SolarCity that it started scaling the division rapidly.
Powerwall owners can sell electrons from their batteries to participate in the company’s virtual power plant
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