Tesla has released new images of its latest Megapack project and said that it is powered by its Autobidder software.

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Some people trade stocks, but Tesla wants to trade energy capacity. The company is building a new team of traders to do just that with its Autobidder platform.

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Some power companies admitted that they are taking Tesla Energy, the automaker’s energy division, seriously.

They appear to be nervous about Tesla’s Autobidder software.

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Vermont-based electric utility Green Mountain Power (GMP) announced a new program to use Tesla Autobidder software and Powerwalls in order to replace fossil-fuel-powered power plants, thus helping to balance the grid.

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Tesla is entering the European energy market with its Autobidder platform to monetize energy storage products. expand full story

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. expand full story