Connect with us

Hi, what are you looking for?

CleanTechnica

Batteries

Tesla Given Green Light To Generate Electricity In The UK

Tesla has been given the green light to generate electricity in the UK. It’s been granted an electricity generation license and Ofgem, an energy regulator, has published a press release stating…

Tesla has been given the green light to generate electricity in the UK. It’s been granted an electricity generation license and Ofgem, an energy regulator, has published a press release stating:

“The Gas and Electricity Markets Authority (“the Authority”) hereby gives notice pursuant to section 6A(5) of the Electricity Act 1989 (“the Act”) that on 12 June 2020 an electricity generation licence was granted under section 6(1)(a) of the Act to Tesla Motors Limited (company number 04384008) whose registered office is situated at 197 Horton Road, West Drayton, UB7 8JD, United Kingdom, authorising it to generate electricity in the area specified in Schedule 1 for the purpose of giving a supply to any premises or enabling a supply to be so given.”

It appears that Tesla plans to develop virtual power plants in the UK using its real-time trading and control platform, known as Autobidder. With Autobidder, Tesla provides independent power producers, utilities, and its capital partners with the ability to autonomously monetize battery assets.

It provides value-based asset management and portfolio optimization and enables owners and operators to set up their operational game plan in a way that will maximize their revenue. Currently, Autobidder operates at South Australia’s Hornsdale Power Reserve and has been able to create competition to help lower energy prices through market bidding.

Tesmanian explained in an article that, “It seems Tesla’s Autobidder is the refined version of the company’s Grid Controller,” which helped the island nation of Samoa go 100% renewable back in 2018. The Grid Controller’s software was developed by Tesla to give real-time control over grid stability, reliability, and security. The article also noted an obvious fact — that many analysts are more likely to overlook this facet of Tesla which will contribute toward the growth of Tesla Energy.

CleanTechnica’s Paul Fosse and HyperChange’s Galileo Russell dive into the specific potential from Autobidder more in a recent article and video. Here’s an example from Paul:

“Let’s say you have a 75 kWh battery in your Tesla and you are willing to use 50 kWh a day to buy at low electricity rates (you could also use your roof to produce solar, but let’s leave that for another day) at 6 cents a hour ($0.06 times 50 kWh is $3.00) and sell it back to the utility at 15 cents ($0.15 times 50 = $7.50). You would would make $4.50 a day. Let’s say the utility took half your profit for using the wires and you could net $2.25 a day. Multiplied by 300 days (you can’t do it when you are traveling), that would be $675 ($2.25 times 300 days). Well, that won’t pay for the car, but it might make one payment a year and help stabilize the grid.”

It will be interesting to see the success of Tesla’s Autobidder in the UK. not just for Tesla, but for those who will benefit from having lower costs of energy.

CleanTechnica’s Kyle Field recently took a dive into a Tesla patent that’s essentially an extension of the Grid Controller, and enables Autobidding. For more on that topic, jump in: “Tesla Steps Into The Utility Space With New Grid Controller Patent.”

Also check out our 4 stories on Tesla’s virtual power plant pilot in Australia.

 
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica member, supporter, or ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New Podcast: How NVIDIA Is Bringing Autonomy To Automakers

Written By

Johnna is a Baton Rouge artist, gem and mineral collector, member of the International Gem Society, and a Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to “Believe in Good.” Tesla is one of many good things to believe in. You can find Johnna on Twitter at all hours of the day & night.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Clean Power

Quartz published an article recently with a headline stating that Tesla is the world’s most shorted stock — even more than GameStop, which got...

Cars

Europe’s third largest auto market, the UK, saw 13% plugin electric vehicle market share in February, up 2.3× from 5.7% a year ago. The...

Clean Power

A few years ago, Tesla announced a plan to start building next-level Superchargers. These Superchargers would be huge (a lot of stalls), include lounges...

Cars

UBS has completed a tear-down of the Volkswagen ID.3 and given the car a "best in class" rating.

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.