Tesla wins energy licence to supply your electricity in the UK — but experts don't think it'll get a smooth ride

• Energy regulator grants Tesla Energy Ventures license to provide electricity
• Reports state that Tesla looks to replicate its energy supply business in Texas
• ‘Virtual Power Plant’ could allow solar owners to feed back into the grid

The British energy regulator Ofgem has granted Tesla Energy Ventures, a unit of Tesla, a license to supply electricity to both domestic and commercial customers across the UK.

According to Reuters, the move would allow Tesla to expand its business and use its experience with a similar setup in Texas, which uses its solar energy and battery storage business to directly compete with existing energy suppliers in the UK, such as Octopus Energy, British Gas and EDF.

Tesla doesn’t provide data on the number of Powerwall Home Battery Storage Systems it has sold to UK residents, but the company stated that it had installed one million worldwide at the end ...