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Tesla is now an officially licensed utility in the United Kingdom, according<\/a> to a new report from the Wall Street Journal. The automotive and energy company recently received a license from the Office of Gas and Electricity Markets, allowing it to sell electricity directly to households and commercial and industrial users.<\/p>\n The company has long dabbled in electricity markets. Its first pure energy products, the Powerwall and Powerpack, were introduced in 2015<\/a>, but it wasn\u2019t until a year later when Tesla merged with Solar City<\/a> that it started scaling the division rapidly. In 2022, the company launched Tesla Electric<\/a> in Texas, which allowed it to sell electricity directly to customers. Powerwall owners can sell electrons from their batteries to participate in the company\u2019s virtual power plant.<\/p>\n The new division, known as Tesla Energy Ventures, will compete with existing utilities in the UK including EDF, E.ON, and Octopus Energy. The competition with Octopus should prove particularly interesting. Since it\u2019s founding in 2015, Octopus has become the country\u2019s largest utility<\/a> by focusing on slick software, renewable energy, and creative marketing. Sound familiar?\u00a0<\/p>\n<\/div>\n