TESLA - Approved To Sell Electricity In Texas

CNBC

Dec 17, 2021

The application follows the start of a big battery build out by Tesla in Angleton, Texas (near Houston), where it aims to connect a 100 megawatt energy storage system to the grid

The winter storm that seized the Texans in February this year, stranding millions of residents without basic necessities exposed the vulnerability of the Texas power grid. The Texas grid is isolated from the rest of the U.S., which means that the transmission of power from other states was not an option to compensate for the blackouts and force many to rely on their own sources.


But now as the winter approaches, it is an unavoidable truth hovering over Austin as the Texas energy market’s governing bodies attempt to fix an aching electric grid in a race against Mother Nature. The application follows the start of a big battery build out by Tesla in Angleton, Texas (near Houston), where it aims to connect a 100 megawatt energy storage system to the grid, as reported by Texas Monthly first reported on the application, submitted by a wholly owned subsidiary of Tesla called Tesla Energy Ventures.


The Public Utility Commission of Texas has approved the application from Tesla Energy Ventures, LLC, to be able to provide retail electricity throughout the area served by the Electric Reliability Council of Texas (ERCOT). “I think competition is good, especially in a public utility. It has the possibility of driving prices down, and provides alternatives and options for homeowners,” said Yager, a resident of Texas.


Although,Tesla has not functioned as the retail electricity provider that sets up distribution systems. Instead,the big batteries built by Tesla tend to help other companies in energy generation, storage and consumption.


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