Senior decision-makers come together to connect around strategies and business trends affecting utilities.

Post

Tesla files to become an electric utility in Texas

image credit: Courtesy Dreamstime
Christopher Neely's picture
Independent Local News Organization

Journalist for nearly a decade with keen interest in local energy policies for cities and national efforts to facilitate a renewable revolution. 

  • Member since 2017
  • 725 items added with 352,834 views
  • Sep 1, 2021
  • 380 views

Tesla has been getting comfortable in Texas over the last two years, building a gigafactory for its cars, stationing its space base, building large energy storage projects and, now, applying to become an electric utility in the state. 

According to Texas Monthly, Elon Musks company established a new branch of its business, called Tesla Energy Ventures. TEV filed paperwork in August with the Public Utility Commission of Texas to become a player in the state's retail energy market. 

Texas is still reeling from its near grid collapse during a winter storm in February. If Tesla's paperwork is approved this fall, it would set up Tesla to potentially become a significant player in the open Texas energy market. The company has plans to build two utility-scale battery storage facilities in the Houston and Austin areas.

I'm curious to see how Tesla will leverage its prominence in the electric vehicle market to make it a successful player as a utility. We've heard nonstop about electric car companies making cars and chargers able to send electricity back to the grid. What happens when the same company owns the cars, chargers and is also the electricity buyer? 

 

 

Discussions
Spell checking: Press the CTRL or COMMAND key then click on the underlined misspelled word.

No discussions yet. Start a discussion below.

Get Published - Build a Following

The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.

If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.

                 Learn more about posting on Energy Central »