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Texas greenlights Tesla selling electricity to consumers

Tesla solar roof customers would be able to earn money for providing excess energy to the Texas power grid. (Tesla)

Tesla is officially able to sell electricity to Texas retail customers after the state of Texas approved a license for Tesla Energy Ventures this month.

The Tesla subsidiary applied with the Public Utility Commission of Texas to sell electricity in August and was approved on Nov. 3. However, according to the Austin Business Journal, it doesn't mean we can expect Tesla to immediately start selling electricity.

The approval comes as conversations around Texas' electric grid capacity are here to stay heading into the winter months. Last year's snowpocalypse in February left thousands without power in snowy, cold weather.

However, during that time, some reports showed Tesla solar panel and home battery owners were able to avoid blackouts. As an energy provider, those Tesla customers could possibly help power the grid by sharing their excess energy with the grid and earning money for it. Tesla owners would be the first to be offered the electricity service.

Bloomberg also previously reported Tesla Energy Ventures plans to build two giant utility-scale batteries near Giga Texas in southeast Travis County and another in Houston.

Tesla would join 120 other companies already in the Texas retail market for energy.

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