In addition to becoming a global leader in the electric vehicle industry, Tesla’s ultimate goal is to become a global distributed power company. Now, Tesla has unveiled its new AutoBidder, which appears to be the next step toward that goal.
In 2019, Elon Musk, Tesla’s chief executive, said Tesla Energy, the company’s energy division, was becoming a distributed global power company that could even grow more than its automotive business. Musk believes Tesla will continue to deploy more solar and energy storage systems on homes and power grids and manage them as large power companies.
Tesla has developed software to control these energy assets, and now we know about its latest software, Autobidder. “Autobidder provides independent power producers, power companies and capital partners with the ability to automatically monetize battery assets,” the company said on its website. AutoBidder is a real-time trading and control platform that provides value-based asset management and portfolio optimization, enabling owners and operators to maximize revenue based on their business objectives and risk appetite configurations. “
Tesla said Australia was currently using Autobidder to manage the Hornsdale Power Reserve (HPR), also known as the “Tesla Big Battery” project. “Autobidder is operating successfully at HPR in South Australia and has increased competition through competitive market bidding to drive down energy prices,” it said. “
Although Hornsdale Power Reserve (HPR) is known as the “Tesla Big Battery” because of its battery pack, it is owned by Neoen, a French renewable energy company that also operates wind farms next to its battery systems. As a result, Tesla not only deployed the PowerPack for them, but also provided them with the Autobidder software. However, the new platform is not only available for Tesla products, and seems to be compatible with any type of energy storage system.
Tesla added information on its Autobidder platform on its website: “Autobidder manages hundreds of megawatt hours of assets and provides billions of watt hours of grid services worldwide. Autobidder operates on grids of all sizes: from small residential systems to 100 MWh. With seamless integration between hardware and software, you can trust Autobidder to generate revenue immediately after a project is launched and 24/7 in a dynamic environment. “
The carmaker said it was also using its machine learning expertise to provide several capabilities, including: price forecasting, load forecasting, power generation forecasting, scheduling optimization and smart bidding.
In addition to Australia’s large battery system, Tesla is also using Autobidder in a project to deploy Powerwall with Green Mountain Power in Vermont. Meanwhile, Tesla has taken the first step towards becoming a UK energy supplier by applying for a licence to power suppliers in the UK.
Tesla is reportedly looking to use Autobidder in the UK. Another purpose of applying for the licence could be to introduce the company’s Autobidder platform, company sources said. The platform acts as an intermediary, bringing together renewable energy suppliers and conducting energy transactions. Tesla has already deployed several Powerpack projects in the UK.