Elon Musk’s Tesla has applied to the British energy regulator for a license to supply electricity to households in the United Kingdom.
If approved, it would enable Tesla to compete with a host of big energy firms that currently supply the vital utility to properties across England, Wales and Scotland.
The application to UK energy regulator Ofgem was lodged at the end of last month by Tesla Energy Ventures Limited, which is based in Manchester.
The official document was signed off by Andrew Payne, who is cited as the company’s director. His LinkedIn page shows him as listed as head of energy for the EMEA region of Tesla.
As well as being the world’s most recognized maker of electric cars, Tesla has a business supplying battery storage and solar energy.
Last year, the firm saw its revenue from the sale of solar cells, batteries and other energy products nearly double, rising $1.5 billion or 93% compared to a year earlier.
Musk, one of the world’s richest people, was last week awarded a $29 billion pay package from the firm. Tesla, of which he is the CEO, already supplies electricity to residential properties in Texas.
