By Mike Murphy
Tesla Inc. is seeking to sell electricity directly to customers in Texas, according to a new report.
Texas Monthly reported Thursday that a Tesla (TSLA) subsidiary earlier this month filed an application with the Public Utility Commission of Texas to sell power on the retail market. Tesla reportedly told state regulators it intends to build two giant, 250-megawatt batteries, one at its factory under construction near Austin, and the other outside Houston.
Electricity could be drawn from that grid or from Tesla home batteries, the report said, and Texans with solar panels on their homes could sell excess power to Tesla's grid as well.
About 120 other companies already sell electricity to consumers in Texas, which was hit by a calamitous cold snap in February that pushed the state's power grid to the brink and left many residents without electricity for days.
Tesla battery packs are planned to store energy at an Apple Inc. (AAPL) solar plant near Monterey, Calif., and it has a massive battery project in Australia.
(END) Dow Jones Newswires
August 26, 2021 21:31 ET (01:31 GMT)
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