Tesla has become a utility company in the UK, leading to a showdown with Octopus Energy

Tesla is now an officially licensed company in the UK, According to In a new report by the Wall Street Journal. The automotive and energy company recently obtained a license from the Gas and Electricity Markets Office, allowing it to sell electricity directly to households, commercial and industrial users.

The company has long been involved in the electricity markets. Its first pure energy products were Powerwall and Powerpack It was introduced in 2015but it wasn’t until a year later that Tesla Merged with Solar City They began to expand the scope of the department rapidly. In 2022 the company Tesla launched the electric car In Texas, allowing it to sell electricity directly to customers. Powerwall owners can sell electrons from their batteries to participate in the company’s virtual power plant.

The new division, known as Tesla Energy Ventures, will compete with existing UK utilities, including EDF, E.ON and Octopus Energy. The competition with octopus should be especially interesting. Since its founding in 2015, Octopus It becomes the largest utility in the country By focusing on great software, renewable energy and creative marketing. Sound familiar?