Connect with us

Hi, what are you looking for?

Business

Tesla set to sell electricity in Britain

Tesla is preparing to shake up the British energy market by launching a retail provider and selling electricity to households.

Elon Musk’s electric carmaker, which also has an energy business, is seeking an executive to lead its drive into the UK.

The head of operations for Tesla Electric will take charge of trying to obtain a supply licence and prepare the business for a “commercial launch of a retail electricity product in the UK”, according to a job advert.

Tesla’s energy generation and storage business includes both solar panels and stationary batteries. The group initially launched its Tesla Electric retail energy business on an invitation-only basis late last year in some markets in Texas, home to its headquarters.

Tesla Electric, available to owners of its Powerwall home batteries, has been pitched as a buffer against peak prices. It sells electricity to customers and sells back their excess electricity to the grid when prices are high.

The advert for an executive to lead the unit’s British arm, initially reported by The Daily Telegraph, made clear that the successful candidate would have “operational responsibility for our retail electricity activities in the UK”.

“This includes responsibility for managing our market entry, and building out the team, systems and processes needed to start operations,” according to the job description.

Read more:
Tesla set to sell electricity in Britain

Advertisement

    You May Also Like

    Investing

    RevisingTheBankSecrecyAct_NorbertMichelAndJenniferSchulp_CMFAWP007   The post Revising the Bank Secrecy Act to Protect Privacy and Deter Criminals (CMFA Working Paper No.007) appeared first on Alt-M.

    Investing

    Recently, an investment advisor and Bitcoin proponent tweeted the claim that “[f]or most of human history” the “[s]eparation of money and state was the...

    Business

    Rollee enables worker’s to share their professional data, spread over one or more financial platforms. Ali Hamriti, CEO and Co-Founder of Rollee, is on...

    Business

    The energy crisis means that as the price of wholesale commercial energy hits an unprecedented high, businesses must pay notably more for their energy...

    Disclaimer: successfuldealnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 successfuldealnow.com | All Rights Reserved