Tesla files to sell electricity

Tesla has  filed with the Texas Public Utility Commission to generate electricity to sell it directly to the public. The filing it plans to sell electricity directly to consumers, mainly to   Tesla cars owners.

Tesla  has a solar energy unit which  installing solar panels on homes and building that link to batteries, which Tesla calls Powerwalls. Powerwalls  store excess power captured during the day providing  power at night.

Tesla has another business called Megapack it stores large batteries that store utility scale amounts of electricity. The first location was in Australia in 2017 and has expanded to other locations.

But Tesla has a very low-profile business known as “Megapack” that builds very large batteries used to store utility-scale amounts of electricity. It built the first of those massive batteries in Hornsdale, Australia, in 2017, and has since expanded the product to other locations. Tesla is investing available cash in Megapack. The selling of electricity To consumers will be reported in its new filing with the SEC.

Bloomberg reported earlier this year that Gambit Energy Storage LLC, a Tesla subsidiary, is quietly building a more than 100-megawatt energy storage project in Angleton, Texas, a town roughly 40 miles south of Houston. A battery that size could power about 20,000 homes on a hot summer day.

California in Florida lead the way for EV’s in the country, but Texas comes in third.

According to the EIA, Texas generates the most amount of electricity from wind and power of any state in the country which makes it 2nd to California where it gets its electricity coming from solar power.

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