Electric Carmaker Tesla Wants to Become an Electricity Provider
- Aug 29, 2021 12:04 am GMT
A subsidiary of electric car maker Tesla has filed to become a retail electricity provider (REP) in Texas. Tesla Energy Ventures, which is headed by an executive who helped sell $3.8 billion worth of regulatory credits to customers, will sell electricity drawn from the grid and from Tesla battery storage. The company also plans to allow customers for its solar panels to sell excess electricity back to the state’s grid.
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