00:00Tesla has been granted a license to supply electricity in the UK,
00:05giving the company access to potential customers in British homes and businesses.
00:09The approval covers Tesla Energy Ventures, a unit of the American company owned by billionaire Elon Musk.
00:16This license puts Tesla in direct competition with established household suppliers like Octopus Energy,
00:23British Gas and EDF as it seeks to expand its solar and battery storage business in Britain.
00:29Tesla's entry comes at a time when households are facing rising energy prices, partly due to the conflict in Iran.
00:36Tesla Motors Ltd, another subsidiary, already holds an electricity generation license in the UK.
00:43Many Tesla car owners use a Powerwall home battery to charge vehicles with solar energy,
00:49selling any excess electricity back to the grid.
Comments