Tesla’s little-known Autobidder product has already remodeled $330 million for vitality buyers.

Electrek was the primary to report on Tesla’s Autobidder platform again in 2020.

It’s a real-time buying and selling and management platform for vitality property, like Tesla’s Powerpacks, Powerwalls, and Megapacks, optimized by way of machine studying to higher use and extra immediately monetize the property.

Tesla describes the platform:

Autobidder offers unbiased energy producers, utilities and capital companions the flexibility to autonomously monetize battery property. Autobidder is a real-time buying and selling and management platform that gives value-based asset administration and portfolio optimization, enabling house owners and operators to configure operational methods that maximize income in accordance with their enterprise targets and threat preferences.

The corporate has made the platform accessible to house owners of its vitality storage merchandise.

In 2021, we reported that over 1.2 GWh of vitality storage was below administration by Autobidder.

Two years later, Rohan Ma, Tesla’s lead on Autobidder and different vitality optimization merchandise, has up to date the determine in a LinkedIn put up – confirming that Autobidder’s portfolio has grown to 7 GWh.

He additionally confirmed that the platform already remodeled $330 million in buying and selling income for the customers:

“Autobidder has grown its world portfolio to over 7GWh of battery storage below direct dispatch subsequent yr, and our real-time algorithms have already returned over $330 million in buying and selling revenue to early storage buyers.”

That’s a formidable quantity of vitality capability and income in a comparatively brief period of time for a brand-new product.

As we beforehand reported, Tesla’s Autobidder, mixed with its vitality storage merchandise, has made electrical utilities nervous as it’s “altering the sport” – a sport that they’ve had full management over for a very long time.

However extra lately, to not be left behind, electrical utilities have themselves been investing extra into vitality storage merchandise at scale, together with utilizing Tesla’s Megapack.

Electrek lately reported that Tesla has a roughly two-year backlog of Megapack orders regardless of ramping up manufacturing of the utility-scale battery system.