Tesla firm applies for license to supply electricity to British houses.
(MENAFN) Reports say Elon Musk’s company Tesla has applied for approval to supply electricity directly to households in Britain.
If the request is approved by the national energy regulator, the move would allow Tesla to compete with major energy providers and begin serving homes and businesses in England, Scotland, and Wales as early as next year.
While Tesla is widely recognized as one of the world’s largest electric vehicle manufacturers, it also operates a significant solar energy and battery storage division.
The licensing process can take up to nine months. In the United States, Tesla Electric already runs an energy service in Texas that lets Tesla vehicle owners charge their cars at reduced rates and compensates them for sending excess electricity back into the power grid.
The application—signed by Andrew Payne, who leads Tesla’s European energy operations—was submitted late last month.
In the UK, Tesla has already sold over 250,000 electric cars and tens of thousands of home energy storage units, potentially giving it a strong customer base for its electricity services.
This development comes at a time when Tesla’s electric vehicle sales have been declining across Europe. Data from July showed UK Tesla registrations dropped by nearly 60%, while sales in Germany fell by more than 55%.
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