• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 6 days America should go after China but it should be done in a wise way.
  • 23 mins Even Shell Agrees with Climate Change!
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 2 days World could get rid of Putin and Russia but nobody is bold enough
  • 3 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 5 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Breaking News:

OPEC Lifts Production in February

Supply Chain Woes Could Derail Biden’s Electric Vehicle Agenda

Supply Chain Woes Could Derail Biden’s Electric Vehicle Agenda

The Biden administration's electric vehicle…

This Might Be The Fastest Way to Double U.S. Grid Capacity

This Might Be The Fastest Way to Double U.S. Grid Capacity

Upgrading existing lines using advanced…

This Could Be A Gamechanger For Natural Gas In Europe

This Could Be A Gamechanger For Natural Gas In Europe

Europe’s lack of energy security…

Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Texas May Soon Get A New Electricity Supplier: Tesla

Texas may soon get one more electricity supplier after Tesla filed an application with the state’s Public Utility Commission to sell power directly to consumers, CNBC reports.

Earlier this year, in March, Bloomberg reported that the luxury EV maker that doubles as energy storage developer as well was secretly building a massive battery storage facility right outside Houston. The more than 100 MW facility, according to the report, could power some 20,000 households “on a hot summer day”.

This is not the first megabattery Tesla builds but the document filed with the PUC is the first application by the company to sell electricity and it suggests Texas may have become a potentially lucrative destination for investments in electricity distribution.

The reason is the February Freeze that wreaked havoc on the Lone Star state, exposing its electricity market as excessively vulnerable to sudden and extreme weather events. Following the crisis, Warren Buffett’s Berkshire Hathaway presented a proposal to Texas for the construction of 10 GW worth of new natural gas-fired power generation capacity.

Tesla’s Elon Musk, true to himself, took to Twitter at the time, where he mocked the Electric Reliability Council of Texas for “not earning that R”. Soon after, Musk relocated to Texas, and his various companies are expanding their operations there, Bloomberg noted in its report on the battery construction.

With the Texas grid not connected to the rest of the United States, the state could certainly benefit from a boost in the “R” in ERCOT’s name. A megabattery is one way of doing this, although just one megabattery would be nowhere near enough, in addition to new generation capacity. Indeed, Tesla has plans for another battery, with a capacity of 250 MW at its Texa gigafactory, currently in construction.

Texas Monthly, which first reported about Tesla’s application for the Texas retail electricity market, noted there were already 120 players on this market but Musk’s venture could stand out if it combines its expertise in home battery storage and renewable energy with its sales prowess.

By Irina Slav for Oilprice.com


More Top Reads From Oilprice.com:

Download The Free Oilprice App Today

Back to homepage

Leave a comment
  • George Doolittle on August 27 2021 said:
    Long $aes

    Strong buy

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News