Tesla Builds Energy Trading Team for its Autobidder Platform

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US clean energy company Tesla is looking to build an energy trading team to trade energy capacity at its Autobidder platform, according to media reports. The EV maker is looking for a ‘Senior Energy Trading Analyst’ for its new team, as announced on LinkedIn recently.

The energy trading team will support the company’s battery and renewable power projects. The company plans to use an in-house automated trading platform, called Autobidder, for “bidding batteries into multiple wholesale energy markets,” according to the job description on Tesla’s 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. Autobidder is part of Autonomous Control, Tesla’s suite of optimization software solutions.

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The job requires expertise in wholesale electricity markets, and the candidate will “lead trading and real-time operations for battery, solar, and wind projects participating in wholesale energy markets,” using Autobidder, according to the job posting.

The senior energy trading analyst position will be based in Palo Alto, California, according to the posting. The job was listed by Julian Lamy, senior optimization software engineer for Tesla, on LinkedIn last week, who said: “I’m building a new team at Tesla focused on Energy Trading and Market Operations.”

The company has expanded operations to include home solar and large battery storage facilities, which currently account for a small portion of its total revenue. It also recently applied to begin marketing electricity in Texas.

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In its Q2 2021 results announced in July this year, Tesla noted that it had installed 85 MW of solar and 1,274 MWh of storage in the past three months, while in Q2 2020, those figures were just 27 MW of solar PV and 419 MWh of energy storage.