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Tesla as an electric utility? Maybe, and Autobidder could lead the way

The electric carmaker has reportedly applied to supply electricity in the UK, as details on its Autobidder software come to light.

Tesla may have its eye on the utility business down the road, and it comes just as the world’s learning more about the company’s energy-management software, called Autobidder.

We’ll start with the most intriguing part of the news in that Tesla has applied to become an electricity provider in the UK. The Telegraph this past weekend cited unnamed industry sources revealing the request comes as the company looks to introduce its Autobidder platform locally. What’s Autobidder? Essentially, it allows battery farm owners and homeowners with solar panels to manage energy and turn their investment in renewable energy into a profitable venture.

At its core, Autobidder works like an automated stock trading software and revolves around the idea of a “distributed system,” according to a report from Popular Mechanics on Monday….

Read full article at CNet