Tesla files to become an electricity provider in Texas

Tesla has applied to the Public Utility Commission of Texas to become an electricity provider in the state. The application is from a wholly-owned Tesla subsidiary called Tesla Energy Ventures.

In the application Tesla said it plans to build two large 250-megawatt batteries, one at Giga Texas and another outside Houston.

If successful, this will mark the first time Tesla or its subsidiaries will function as a retail electricity provider.

Should the application go forward, Tesla Energy Ventures will use employees from Tesla’s Energy division to complete sales and provide customer service. The application also notes that the company will work with Engie Energy Marketing on scheduling.

The President of Tesla Energy Ventures is Ana Stewart, Tesla’s Director of Regulatory Credit Trading. Under her watch, the company netted over $3.8 billion from regulatory credits since 207.

The application comes after the start of a big battery build by Tesla in Angleton, Texas. Angleton is on the edge of Houston, and the company aims to connect a 100 MW energy storage system to the grid.

This marks Tesla’s fifth large-scale energy storage system. Currently, the company has one east of Los Angeles, another one being build in Monterey, California and two in Australia.

Source: Texas Monthly & CNBC

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