Tesla has a new product: Autobidder, a step toward becoming an electric utility


Tesla aims to eventually become a massive distributed electric utility, and we’ve now learned of a new product, Autobidder, which appears to be the next step in that direction.

The idea is that Tesla would keep deploying more solar and energy storage systems, big and small, at the residential level and on utility-scale, and manage those distributed systems to act as a giant electric utility.

Tesla has developed software to control those energy assets, and now we’ve learned of a new one: Autobidder. It has apparently been used for a few years, but we are only now learning about it.

The company describes Autobidder on its website:

"Autobidder provides independent power producers, utilities, and capital partners the ability to autonomously monetize battery assets. Autobidder is a real-time trading and control platform that provides value-based asset management and portfolio optimization, enabling owners and operators to configure operational strategies that maximize revenue according to their business objectives and risk preferences."

read the full article on electrek.co

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