Tesla plans energy trading desk as company expands renewable power projects

The logo of car manufacturer Tesla is seen at a dealership in London, Britain, May 14, 2021. REUTERS/Matthew Childs

Sept 8 (Reuters) – Electric vehicle maker Tesla (TSLA.O) is looking to staff an energy trading desk to support its battery and renewable power projects, according to Tesla’s website and an employee post on the career site LinkedIn.com.

The company has expanded operations to include home solar and large battery storage facilities. It also recently applied to begin marketing electricity in Texas.

“I’m building a new team at Tesla focused on Energy Trading and Market Operations,” according to a LinkedIn post this week by Julian Lamy, who described himself as a senior optimization software engineer for Tesla.

Tesla did not immediately respond to a request for comment.

The company plans to use an in-house automated trading platform, called Autobidder, for “bidding batteries into multiple wholesale energy market,” according to the job description on Tesla’s website.

The company is recruiting a senior energy trading analyst to be based in Palo Alto, California, Lamy said in his LinkedIn post.

Last month, Tesla Energy Ventures applied to the Public Utility Commission of Texas to become a retail electric provider.

Reporting by Liz Hampton in Denver and Hyun Joo Jin in San Francisco; Editing by Lisa Shumaker

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source: reuters.com