Technology

Tesla Files Application to Enter the UK as an Electricity Provider

Technology companies are always trying to increase their footprint on society. In the case of Tesla, the company is seemingly inclined to enter the UK electricity sector. 

Most people are familiar with Tesla as a company right now.

Tesla Eyes a Brand new Market

Its main focus comes in the form of building and manufacturing electric vehicles.

Following some recent developments, the company is trying to focus on the UK market.

Not just in the form of electric cars either, but as an electricity provider.

A license application was filed

earlier in the week.

If granted, Tesla will become active on this market through its Autobidder platform.

Related Post

No further details regarding this application are known at this time.

There is no inclination as to why the company is trying to get in on this market or what it aims to do exactly. 

Autobidder is a platform designed to facilitate automated energy trading.

To this date, it has only been put to the test at Tesla’s Hornsdale Power Reserve in Australia.

For the time being, it remains to be seen what the future will hold exactly.

More competition in the UK’s electricity sector can always be beneficial, assuming the license will be granted to Tesla. 

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

School of Crypto? TMS Network’s (TMSN) Community Inspires Rising Number of Investors, EOS (EOS) and ApeCoin (APE) Fall Through the Bank

TMS Network (TMSN) stands out as a disruptor, currently making huge gains in its fourth…

9 hours ago

Savvy Investor’s Cheat-Sheet: TMS Network (TMSN) over Mask Network (MASK) and ApeCoin (APE)

TMS Network (TMSN) emerges as the savvy investor favorite having raised $6 million since the…

9 hours ago

Crypto experts asked Google Bard about Shiba Inu and Tradecurve the answers are surprising

The current crypto industry is filled with speculation and anticipation as investors continuously seek insights…

9 hours ago

Best Cryptocurrencies to Buy in Now: Chainlink (LINK), Polkadot (DOT) and HedgeUp (HDUP)

Choosing which cryptocurrencies to invest in can be a daunting task given the multitude of…

9 hours ago

TMS Network (TMSN) Rips Through Resistance, Dogecoin (DOGE) and Aave (AAVE) Left Shredded

As the bull season takes a haltering break, there’s one crypto that’s ripping through the…

2 days ago

TMS Network (TMSN) Flexes Its Muscles, BNB (BNB) And Wrapped BNB (WBNB) Face Limited Gains

It’s amazing how quickly things can change; just when everyone thought Binance and its BNB…

2 days ago