Tesla to form energy traders’ team as it expands battery projects

American EV behemoth, Tesla is reportedly looking to trade energy capacity for which it is putting together a new team of traders to accomplish that precisely with its platform, Autobidder.

Autobidder is a control and real-time trading platform for energy assets, such as Tesla's Powerpacks, Megapacks, and Powerwalls. It uses machine learning to make the assets more valuable and immediately monetizable.

It was first launched last year, and discovered that it now manages over 1.2 GWh of energy storage. The product is becoming extremely important for Tesla as it deploys additional energy assets.

Tesla is currently putting together a team of traders to monetize those assets through that platform.

Julian Lamy, Tesla's head of Energy Trading & Market Operations, revealed on LinkedIn recently that the firm is thrilled to announce that it is forming a novel team that will focus on Energy Trading and Market Operations.

This group will be responsible for Tesla's global fleet performance of the battery and renewable energy projects, developing expertise in wholesale energy markets, and assisting in developing Autobidder, Tesla's automated energy trading platform.

Furthermore, he posted a link to an opening for a Senior Energy Trading Analyst, Energy Markets.

Tesla Energy is on its verge to become a private and utility-scale distributed energy provider, said John McClellan, managing director of recruitment agency Aurex Group.

The EV maker is allegedly planning to recruit an entire team of those traders to manage its rapidly developing energy assets, which include massive new battery projects using Megapack, as well as new virtual power plants.

Tesla revealed its first in-house virtual power plants in California using Powerwalls last month. Through that business model, the company hopes to become a global decentralized electric utility eventually.

Source Credit - https://electrek.co/2021/09/08/tesla-is-building-team-energy-traders/