Latest news with #TeslaPowerwall
Gizmodo
4 days ago
- Automotive
- Gizmodo
Musk Moves to Bring Tesla Power to U.K. As Car Sales Stumble
Controversial lightning rod Elon Musk is making major moves in the United Kingdom, as his electric car company Tesla looks to find new ways to diversify its income streams. According to OFGEM, the U.K. energy regulator, Tesla has formally applied for a license to sell electricity to households and businesses across Britain. Approval of that application could be a major boost for both Musk and Tesla, which has seen sales skid as Musk has become an increasingly polarizing figure in American politics. Data published last week by the U.K.'s Society of Motor Manufacturers and Traders (SMMT) showed Tesla's new car sales dropped by nearly 60% to 987 units last month, down from 2,462 a year ago. In Germany, meanwhile, Tesla car sales fell to 1,110 units in July, down 55.1% from the same month in 2024. The company continues to face stiff competition, particularly from Chinese EV manufacturers, and reputational damage from Musk's incendiary rhetoric and fractious relationship with U.S. President Donald Trump's administration. The filing was submitted at the end of last month by Tesla Energy Ventures and signed by Andrew Payne, who oversees the company's European energy operations. If it is approved, it could clear the way for Tesla to join the ranks of retail energy suppliers in England, Scotland and Wales as early as next year. The UK's energy sector generates over $200 billion a year and a slice of that could be exactly what Musk is looking to use to shore up Tesla. Tesla is already active in power generation and storage: The company develops rooftop solar systems and home battery products, and operates an electricity service in Texas called Tesla Electric, launched in 2022. That service lets customers decide when they use power and rewards them for selling surplus energy back to the grid during peak demand, potentially lowering their bills or even earning them money. It's a model Tesla appears poised to replicate in the U.K. market. The goal of this ecosystem is to have a Tesla in your driveway, Tesla solar panels on your roof, a Tesla Powerwall battery in your garage, and now, a Tesla electricity plan to manage it all. This license is the final, crucial piece of that puzzle.
Scotsman
4 days ago
- Automotive
- Scotsman
What will Musk's Tesla Electric mean for UK energy bills?
Tesla's UK energy move could put money back in your pocket ⚡ Sign up to the weekly Cost Of Living newsletter. Saving tips, deals and money hacks. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Elon Musk's Tesla has applied for a UK energy supply licence, aiming to rival British Gas and Octopus Energy The company could start powering homes and businesses in England, Scotland and Wales as early as next year In Texas, Tesla Electric offers cheaper EV charging and pays customers for surplus energy fed back to the grid Savings may be greatest for Tesla EV, solar and battery owners, though competitive tariffs could benefit more households Elon Musk's Tesla could soon be lighting up your home, as the tech giant eyes a dramatic push into the British electricity market. The company has applied to regulator Ofgem for an energy supply licence, paving the way to take on established providers such as British Gas and Octopus Energy. Advertisement Hide Ad Advertisement Hide Ad If approved, Tesla could begin supplying homes and businesses in England, Scotland and Wales as early as next year. The move comes as Tesla's electric vehicle (EV) sales slide in Europe – UK registrations plunged almost 60% in July compared with a year earlier – prompting the company to diversify beyond cars into energy infrastructure, solar power and robotics. But what would it mean for UK energy bills if the play were to come off? Would Tesla's approach to energy mean lower or higher prices for consumers? Here is everything you need to know about it... (Photos: Getty Images) | Getty Images How does Tesla Electric work? Already a household name for electric cars, Tesla has been expanding its energy arm globally, running a supply business in Texas for the past three years. Advertisement Hide Ad Advertisement Hide Ad There, customers benefit from discounted rates for charging its cars, sometimes during off-peak hours, and those with Tesla Powerwall batteries or solar panels can even feed unused energy back to the grid and get paid for it, offsetting their bills even more. Tesla's tech can also shift home energy use to cheaper times of day, reducing costs automatically. Tesla has held a UK electricity generation licence since 2020, but the new application signals a step change: from producing power to directly supplying it to households. Advertisement Hide Ad Advertisement Hide Ad What would it mean for energy bills? Tesla's model could appeal to UK households looking to offset rising bills, and Susannah Streeter, head of money and markets at Hargreaves Lansdown, said the firm could have a ready-made audience. 'It still boasts significant car ownership in the UK and has sold thousands of home storage batteries here,' she said. 'This could mean Tesla Electric has access to a willing customer base.' If Musk's energy gamble works here as it has in Texas, UK homeowners could be looking at a future where their car, solar panels and home battery work together to lower costs – and maybe even turn a profit. But Tesla Electric is unlikely to slash everyone's bills, and benefits could be heavily geared towards existing Tesla hardware owners, rather than all households. Advertisement Hide Ad Advertisement Hide Ad For households without that tech, the savings might be smaller but still possible if Tesla undercuts rivals to win market share. But while initial tariffs might be competitive to attract customers, but over time could align with the market unless backed by ongoing tech-driven savings. Bear in mind also that energy prices still depend on wider wholesale market conditions, which Tesla can't fully control.
Time Business News
6 days ago
- Time Business News
How the Tesla Tiny House Is Changing Off-Grid Living Forever
Just think of having a house that produces its own energy, has a minimal carbon footprint, and follows you everywhere. It is not a science fiction, it is the Tesla Tiny House. This radical living environment is making waves in 2025 and demonstrating that off-grid, sustainable living is not only a possibility, but comfortable, stylish and efficient. Elon Musk is all about transforming the world, and the Tesla Tiny House 2025 is one more strong step toward it. It is not only a tiny house. It is a sign of liberation of utility bills, real estate chains and environmental guilt. Tesla started with electric cars, yet the next step was obvious: introduce clean energy and smart technology into Tesla Homes- mini, efficient, and completely solar powered. Small and Practical Design Do not be deceived by the size. The Tesla Tiny Home is a brilliantly designed space maximizing home. All the space is utilized carefully, including collapsible furniture and vertical storage. It is small, yet powerful. Solar Powered Energy System Tesla Tiny House has high-efficiency solar panels on its roof, which collects energy throughout the day. Whether it is raining or sunny, this system is smooth and keeps your life running. Tesla Powerwall Integration That energy has to be released somewhere, doesn t it? Meet the Tesla Powerwall a battery that stores solar energy so you can use it at night or when there is a black out. It is the core of the off-grid. Smart Home Technology Manage your whole house with a finger on your phone. Smart home technology by Tesla makes life simpler and more environmentally friendly with lights, climate, security, and energy consumption. Eco-Friendly Lifestyle This is a dream house to any person who desires to live green. It minimizes emissions, wastes, and fossil fuel dependency. Low Energy Bills No more high electric bills. When you have solar energy and intelligent energy management, your costs are almost zero. Minimal Maintenance Small implies less to repair. They are constructed to last long and are made of weather proof and low maintenance materials. Movement and Liberation Tesla Tiny Homes are portable. Feel like going to the mountains, the desert or the beach? Just tow it. Better Battery Power The new-generation Powerwall, which is included in the 2025 model, stores even more power to allow longer off-grid living. High-level Smart Integration Smart just got smarter, with facial recognition entry, voice-controlled features and more. Space-Saving Innovations The 2025 model is the most space-saving one with innovative modular designs and secret compartments. Energy Efficiency Conventional houses consume energy. It is created by Tesla Homes. That is a massive victory to the planet and to your pocket. Cost Comparison The price of the Tesla Homes might appear to be high at the initial stage, but it is worth it as people will never have to pay utility bills and spend a little on maintenance. Environmental Footprint The typical house has a huge carbon footprint. Tesla Homes are mean, green, and clean in the best sense of the word. In case you want to buy a Tesla Tiny House, you may want to hurry. There is high demand, and low supply. Tesla has direct online ordering and works with a limited number of green housing distributors. The starting price is approximately 50,000 dollars depending on features and location. Fancy bespoke interiors, additional Powerwalls, or fancy finishes? A couple thousand more can be expected. The financing can be done by Tesla-approved green lenders. Mass Markets of Tesla Homes on Sale Tesla is experimenting with mass production. Tesla Homes could be spotted in the suburbs and eco-communities in the nearest future. Rural and Urban Adoption These houses are appearing everywhere, in the city lots as well as in the far off forest. They are flexible and therefore attractive to any lifestyle. Fintech Insights integration Tesla also has an eye on Fintech Insights to enable users to monitor energy savings and financing performance, and Tesla Homes is smarter not only in action, but in money. Yes, there is no perfect product. Large families may be a deal killer when it comes to space. The initial investment may be high and this may put off the budget conscious customers. Other critics are asking whether it is a PR stunt or a genuine housing solution. However, with innovation, the gaps are narrowing rapidly. The first testers are ecstatic about the independence, the stress-free life, and the ease of living off-grid in a Tesla Tiny Home. According to one of the users, he has never been as much in control of his life and his contribution to the Earth. This is not a house, this is a movement. It defies the notion that the larger the better and demonstrates how we can get more out of less. Tesla is redefining the future of housing by combining clean energy, smart technology, and minimalist lifestyles. The Tesla Tiny House is not only the future, but it is the future. It provides a combination of sustainability, mobility and modern technology that is ideal in a changing world. And in case you are dreaming of a simpler, greener, and smarter life, it is time to go tiny, with Tesla. TIME BUSINESS NEWS
Yahoo
24-07-2025
- Business
- Yahoo
Sunrun and Tesla Launch Home Energy Plan to Cut Costs and Boost Backup Power for Texans
New plan combines Sunrun Flex™ solar + storage with a customized Tesla Electric retail plan to deliver lower rates, seamless backup, and peace of mind for Texas homeowners SAN FRANCISCO, July 24, 2025 (GLOBE NEWSWIRE) -- Sunrun (Nasdaq: RUN), the nation's leading provider of clean energy as a subscription service, announced today an innovative home energy plan in partnership with retail electric provider Tesla Electric (Nasdaq: TSLA). Created exclusively for Sunrun Flex™ customers in Texas, this new home energy plan is designed to maximize solar production, battery backup power for outages, and energy independence. With the Tesla Electric + Sunrun Flex plan, Tesla Electric offers a low, fixed electricity rate and the most competitive sellback rates for excess solar energy sent back to the grid. Combined with abundant solar production from Sunrun Flex and seamless battery management, customers get maximum value, advanced outage protection, and greater peace of mind. Texas residents face a crowded and confusing electricity market with over 100 retail electric providers and a wide range of complex rate structures, most of which aren't optimized for home solar and storage. Tesla Electric + Sunrun Flex is a complete home energy solution that eliminates confusion and improves the customer experience through dedicated enrollment assistance and aligning precise battery settings and solar production with a tailored retail electricity offering. 'This partnership creates the most compelling and comprehensive home energy solution on the market for Texas consumers,' said Sunrun CEO Mary Powell. 'We've put customers first by combining the resources, technology, and knowledge of two companies that know energy best. Pairing Tesla's custom electric plan with Sunrun Flex results in a superior customer experience and unparalleled energy independence.' Sunrun Flex systems include Tesla Powerwall batteries to provide households with advanced backup power during outages—an especially valuable feature in Texas where severe weather has recently created prolonged blackouts and grid instability. Powerwall also allows customers to participate in Tesla's Virtual Power Plant to support the grid by sharing power to reduce strain and increase the supply of electricity. Other key benefits of the Tesla Electric + Sunrun Flex plan include: Cost Predictability: Customers enjoy predictable, affordable monthly payments, with the ability to "flex" their energy usage as life changes. Managed Settings: Tesla will coordinate electric rates, battery settings, and solar crediting to ensure the most value creation for customers. Seamless Experience: Coordinated customer service between Sunrun and Tesla to ensure a seamless experience that integrates the electric plan and Flex system. Rollover Credits: When customers use less energy than their baseline, they earn rollover credits to apply against future months when they exceed their baseline. Performance Guarantee: Every Sunrun Flex subscription includes 24/7 system monitoring, free maintenance and repairs, along with solar performance and battery health guarantees. 'With Tesla Electric, we're building energy plans that unlock the full value of home solar and storage—optimized rates, seamless backup, and participation in grid services through virtual power plants,' said Colby Hastings, Director of Residential Energy at Tesla. 'This collaboration with Sunrun brings all of that together in one smart, simple offering for Texans.' The Tesla Electric + Sunrun Flex plan is now available exclusively to Sunrun Flex customers across Texas, in areas with retail choices. To learn more about the plan and sign up, please visit Tesla Electric is operated by Tesla Energy Ventures, LLC REP #10296, a subsidiary of Tesla, Inc. About SunrunSunrun Inc. (Nasdaq: RUN) revolutionized the solar industry in 2007 by removing financial barriers and democratizing access to locally-generated, renewable energy. Today, Sunrun is the nation's leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs. Sunrun's innovative products and solutions can connect homes to the cleanest energy on earth, providing them with energy security, predictability, and peace of mind. Sunrun also manages energy services that benefit communities, utilities, and the electric grid while enhancing customer value. Discover more at Media ContactWyatt SemanekDirector, Corporate Communicationspress@ Investor & Analyst ContactPatrick JobinSVP, Deputy CFO & Investor Relations Officerinvestors@ while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
20-07-2025
- Business
- Yahoo
EcoFlow Unveils OCEAN Pro -- the Ultimate Whole-Home Energy System
OCEAN Pro sets a new standard for energy independence and intelligence in solar storage and whole-home power backup, designed to outperform incumbents like Tesla Powerwall IRVINE, Calif., July 15, 2025 /PRNewswire/ -- EcoFlow, a leading eco-friendly energy solutions company, ushered in a new era for U.S. home energy storage with today's debut of OCEAN Pro, offering more power, convenience and intelligence for homeowners in a world of rising energy bills and increasingly unpredictable power grids. OCEAN Pro delivers advanced technology and infinite backup power to combat these energy challenges and maximize rooftop solar investments. Its features and capabilities are unmatched by industry competitors while also offering a sleek design aesthetic to complement the interior of any home. OCEAN Pro was developed with energy-stressed states like California, Texas and Florida in mind, where electric costs, extreme weather and aging infrastructure are driving demand for energy independence. Unlike conventional residential battery systems, OCEAN Pro is the first multi-source backup solution that automatically pulls energy from various sources — including solar panels, high-capacity batteries and even gasoline generators, if needed — to keep homes running smoothly through blackouts, storms and peak billing rate hours. The system is EcoFlow's most powerful and versatile home energy storage solution yet, giving homeowners more peace of mind and more control over their energy than ever. It builds on the proven success of the company's PowerOcean series, the European counterpart, which has over 17,000 installations across Europe. EcoFlow is now bringing this trusted performance and reliability to the U.S. market with OCEAN Pro, setting a new benchmark for home energy storage. OCEAN Pro delivers twice the solar capacity, double the backup power and 67 percent more peak power compared to industry standards, including Tesla's Powerwall 3. It is more resilient against flooding and comes with a 15-year warranty — five years beyond industry standards. "OCEAN Pro isn't just backup power, it's complete energy independence made simple," said Jenny Zhang, President of North America Residential Energy Business at EcoFlow. "We're excited to bring a powerful solution like OCEAN Pro to the U.S. market and give families a smarter, stronger and more reliable energy system built for the challenges they face today." When grid power fails, OCEAN Pro keeps appliances running and EVs powered. One battery provides 10kWh and the system is expandable up to 80kWh for those with larger energy needs. With 24kW of continuous output, OCEAN Pro can support 100% of home appliances simultaneously, including up to two 5-ton HVAC systems, EV chargers, pool pumps and refrigerators. If the grid goes down, OCEAN Pro switches to backup power in just 10ms, so users are never left without power. Homeowners can save up to 118 percent on electricity bills with the EcoFlow app's real-time energy monitoring and AI-driven forecasting that predicts weather, pricing and energy use. It seamlessly integrates with smart home devices — including thermostats, EV chargers, Apple Home, Google Nest and Alexa — so your energy system works in sync with your lifestyle. OCEAN Pro is engineered to handle harsh conditions, from freezing winters to scorching summers, with its TriShield Protection System, which includes fire prevention module, flood resistance up to 2.6 feet and IP67-rated waterproofing. It meets the highest industry standards and is the first in its class to pass the critical UL 9540B safety certification for energy storage systems. OCEAN Pro can also operate in grid-tied mode across all markets, allowing homeowners to sell excess energy back to the grid once the battery is fully charged. These benefits are further enhanced through participation in EcoFlow's Virtual Power Plant (VPP) network, which intelligently manages energy return based on real-time grid conditions and electricity prices. By discharging power during peak pricing or times of grid demand, the system can optimize battery use and lets users earn additional income even when solar generation is limited. As VPP coverage continues to expand across additional U.S. markets, more homeowners can take advantage of these advanced capabilities. Designed to look as good as it performs, OCEAN Pro is available in three premium finishes, including aluminum for a modern look, luxurious walnut wood for classic elegance or lightweight carbon fiber for a sleek, high-performance finish. OCEAN Pro isn't just a product — it's a full solution backed by personalized service. Each installation includes a free one-on-one energy consultation, app-based progress tracking and local support to ensure a seamless experience. Nearly 100 installation partners have signed on ahead of launch — a strong testament to the industry's confidence in EcoFlow's innovation and brand trust. "As installers, what we value most is reliability — both in the product and the people behind it. EcoFlow has proven to be a true partner: responsive, solution-driven and deeply committed to execution," said Daniel Gawrych, CEO of Lunex Power, EcoFlow's official installation partner for OCEAN Pro in Florida. "Their system is not only powerful and seamlessly integratable, but also designed for the real world. It's exciting to see a company that doesn't just talk but actually delivers." Availability Pre-orders start on July 15. Users can register on EcoFlow's official website to learn more and place their order through an authorized EcoFlow installation partner. About EcoFlow: EcoFlow is a leading provider of eco-friendly energy solutions, committed to powering a new world. Since its founding in 2017, EcoFlow has aimed to be the FIRST in power solutions — Flexible, Innovative, Reliable, Simple, and Thorough — for individuals and families, whether at home, outdoors or on the go. With a smart manufacturing center in China, and headquarters in the USA, Germany and Japan, EcoFlow has empowered over 5 million users in 140 markets worldwide. For more information, visit View original content to download multimedia: SOURCE EcoFlow Technology Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
