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Tesla Energy Ventures Will Provide Retail Electric Services In Texas

Johnna Crider writes on CleanTechnica that Tesla Energy Ventures will provide retail electric services in Texas.

The C3 Take
  • Tesla providing power is made possible by Texas’ competitive electricity market that allows for increased suppliers and greater consumer choice.
  • Competitive energy markets benefit the environment by lowering barriers to entry for clean sources of energy.
  • As Texas looks to grow its clean energy portfolio, state regulators should continue to embrace a competitive market framework.

“This isn’t the first Tesla subsidiary that is in Texas. Gambit Energy Storage previously announced its construction of 100-megawatt batteries in Houston. Its purpose is to supplement the Southeast Texas grid with large amounts of power if another blackout occurs. Gambit Energy Storage also sells solar panels and batteries.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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