Could Tesla Become a UK Electricity Provider?
Tesla applies for a license to generate electricity to suppler "any premises" in Great Britain.
12:04 09 May 2020
Tesla, Elon Musk's company best know for its electric cars, has formally applied for a licence to generate electricity to supply "any premises" in Great Britain. The application was submitted on 5 May with the UK's Gas and Electricity Markets Authority.
Besides electric cars, Tesla also makes batteries that store renewable energy on both a domestic and an industrial scale. It is the developer of the Autobidder, a system that sells surplus electricity back to the grid.
The coronavirus pandemic has led to reduced demand for electricity as many businesses and factories were forced to shut down. However, electricity supply and demand have to be balanced within the grid for it to function.
In a statement, the National Grid said: "We have comprehensive plans in place to ensure we safely and securely manage the system at all times - including through this unprecedented period."