Tesla launches bid to produce electrical energy to UK households

Elon Musk’s electrical car producer and vitality firm Tesla is making ready to produce electrical energy to British households and companies.

The Texas-based firm formally submitted its request for an electrical energy license to the British vitality regulator Ofgem on the finish of final month, in keeping with a discover on the watchdog’s web site.

If authorised, the transfer may pave the way in which for Tesla to compete with the massive companies that dominate the U.Ok. vitality market from as quickly as subsequent 12 months.

The utility, first reported by the Sunday Telegraph, got here from Tesla Vitality Ventures and was signed by Andrew Payne, who runs the agency’s European vitality operations.

Tesla, which is greatest often called one of many world’s main EV producers, additionally develops photo voltaic vitality technology techniques and battery vitality storage merchandise.

Musk’s firm already has an electrical energy provider in Texas, known as Tesla Electrical. The service, which was launched in 2022, permits clients to optimize vitality consumption and pays them for promoting extra vitality again to the grid.

Tesla’s push for a license to produce electrical energy to British households comes as the corporate endures a protracted European gross sales hunch.

Information revealed final week by the U.Ok.’s Society of Motor Producers and Merchants (SMMT) confirmed Tesla’s new automobile gross sales dropped by practically 60% to 987 items final month, down from 2,462 a 12 months in the past.

In Germany, in the meantime, Tesla automobile gross sales fell to 1,110 items in July, down 55.1% from the identical month in 2024.

The newest gross sales figures underscored a number of the challenges dealing with the corporate, which continues to face stiff competitors, notably from Chinese language EV producers, and reputational harm from Musk’s incendiary rhetoric and relationship with U.S. President Donald Trump’s administration.