Tesla’s Autobidder product might not be as popular or well known as its line of cars, but the package has made tons of money for energy investors. The platform has generated more than $330 million since its creation.
Autobidder is a platform that connects energy hardware, including the Tesla Powerpack, Powerwall, and Megapack. It uses machine learning to optimize the hardware’s use and monetization. The platform allows real-time trading and “enables owners and operators to configure operational strategies that maximize revenue according to their business objectives and risk preferences.”
Also confirming the amount generated by Autobidder, Ma said, “Autobidder has grown its global portfolio to over 7GWh of battery storage under direct dispatch next year, and our real-time algorithms have already returned over $330 million in trading profit to early storage investors.”
The platform looks set to see more growth, with Tesla maintaining about two years of order backlog for the Megapack, even though it recently expanded its battery energy system production. The batteries have been deployed in many parts of the world, including California, Massachusetts, Queensland, Australia, etc.