What is Tesla's autobidder-and how does it use AI to make millions?
Вставка
- Опубліковано 30 чер 2024
- According to an Eletrek article, Tesla's Autobidder software, using their AI-based Opticaster, is now managing 1.2GWh of electricity globally. That's an amazing figure! But what is Autobidder? how does Autobidder work? How does it use artificial intelligence/machine learning? What is Opticaster and how does it relate to Autobidder? How does it make electric companies money? How does it make Tesla a great deal of money? Can we humble consumers get in on this and make money using our own Tesla powerwalls?
**Check out our Patreon site here: / drknowitallknows . Thanks for your support!
**Want some awesome Dr. Know-it-all merch? Check out our awesome new Merch store: drknowitall.itemorder.com/sale
For a limited time, use the code "Knows2021" to get 20% off your entire order!
**If you are looking to purchase a new Tesla and would like 1,000 free Supercharger miles, just click this link and use our referral link: www.tesla.com/referral/john11286. Thank you!
**You can help support this channel with one click! We have an Amazon Affiliate link in several countries. If you click the link for your country, anything you buy from Amazon in the next several hours gives us a small commission, and costs you nothing. Thank you!
* USA: amzn.to/39n5mPH
* Germany: amzn.to/2XbdxJi
* United Kingdom: amzn.to/3hGlzTR
* France: amzn.to/2KRAwXh
* Spain: amzn.to/3hJYYFV
**What do we use to shoot our videos?
-Sony alpha a7 III: amzn.to/3czV2XJ
--and lens: amzn.to/3aujOqE
-Feelworld portable field monitor: amzn.to/38yf2ah
-Neewer compact desk tripod: amzn.to/3l8yrUk
-Glidegear teleprompter: amzn.to/3rJeFkP
-Neewer dimmable LED lights: amzn.to/3qAg3oF
-Rode Wireless Go II Lavalier microphones: amzn.to/3eC9jUZ
-Rode NTK Studio Microphone: amzn.to/3vjMomW
-Focusrite Scarlette 2i2 audio interface: amzn.to/3l8vqDu
-Studio soundproofing tiles: amzn.to/3rFUtQU
-Sony MDR-7506 Professional Headphones: amzn.to/2OoDdBd
-Apple iMac 27" computer (with Final Cut Pro and Logic Pro software): amzn.to/38ybTHv
--RAM for Apple iMac: amzn.to/2PRIAJv
-DJI Mavic Mini Drone: amzn.to/2OnHCEw
-GoPro Hero 9 Black action camera: amzn.to/3vgVMrH
-Suction car mount for camera: amzn.to/3tcUfRK
**Here are a few products we've found really fun and/or useful:
* A totally fun Tesla coil toy--awesome for the whole family: amzn.to/30rvzbI
* The Humane Interface, by Jef Raskin: amzn.to/3ajM7YT
* AI Superpowers, by Kai-Fu Lee: amzn.to/3dgRSs3
* A camping mattress for your Tesla model S/3/X/Y: amzn.to/3chSRrQ
*And of course the amazing "Elon Musk: Tesla, SpaceX and the Quest for a Fantastic Future": amzn.to/36hqdmS
**Music by Zenlee. Check out his amazing music on instagram -@zenlee_music
or UA-cam - / @zenlee_music
**JOWUA:
*If you'd like a Jowua foldout mount, like the one I used to make this video, check out this link: bit.ly/3tRMSQR
If you use the code DRKNOW5, you get $5 off the price of each mount you order!
*For a more powerful wireless iPhone/Android charger for your Tesla Model 3 or Model Y, check this link: bit.ly/3b5fHSW
If you use the coupon code DRKNOW on your order, it will automatically take off the price of the 64GB MicroSD card, which is very nice!
**EVANNEX
Check out the Evannex web site: evannex.com/
If you use my discount code, KnowsEVs, you get $10 off any order over $100!
And during the month of March, 2021, Evannex is doing a March Madness sale. Check it out here: evannex.com/pages/the-march-m...
**Please ask questions in the comments, or at: DrKnowItAllKnows@gmail.com. Thank you!
Twitter: @DrKnowItAll16
Instagram: @drknowitallknows
**If you enjoy more outdoorsy, adventure type videos, please check out our sister channel, Whole Nuts and Donuts, right here: / @wholenutsanddonuts5741
What the heck is Tesla’s autobidder software-and how does it use AI to make Tesla millions?
Source Articles:
electrek.co/2021/03/16/tesla-...
electrek.co/2020/05/03/tesla-...
electrek.co/2020/08/12/tesla-... - Наука та технологія
I love this highly underrated and unknown technology in Tesla arsenal. Good job explaining it.
Imagine being able to sell the energy to your neighbors instead of a utility company. So if you go on vacation or have different peak hours you can make money from your neighborhood
Haha! I remember asking him to make a video about Autobidder because I didn't quite understand what it is, and he did make a video about it!
Great video once again
We have 15.4 kW solar and Powerwall 2 and have a feed in tariff of AUD0.14 (USD0.11)/kWh and usage cost of AUD0.24 (USD0.18\)/kWh. Our last electricity bill (25 Dec to 26 Mar, i.e. summer/early autumn/fall here in Australia) was AUD332 (USD253) credit.
An Australian company called reposit power makes software very similar to this, but for residential use. Doesn't work with Tesla power wall, but does with generic solar/battery to grid
They are finding lots of ways to temper the demand on the constrained battery supply. Wait till Texas is up and running, prob early next year (for powerwalls)
What about charge / discharge times? Also wear on the batteries?
Since Tesla is cell constrained, selling the Powerwall seperately isn't a great business model.
Selling it with solar helps to drive solar sales.
Once they get more cells they will probably start selling them again.
Starting in 2023 California has mandated power wall AND solar for all new construction. 😁
Thank you!
= money printing machine for Tesla
Makes me wonder how opticaster predictive AI could work in the stock market?
Great content on this channel, a nerd's geek paradise.
Stock markets are far more granular. I could be wrong, but I don’t think there are any power markets that offer products less than a 15 minute granularity, and many only offer 30 or 60 minutes granularity.
It’s the into music for me lol 🔥🔥🔥
Great video sir. Thank you very much. FYI, look into genomics/gene-editing when you have time... (I make videos on it)
Nice work. Maybe follow up on how the virtual power plants are working. I'm only aware of New England and South Australia.
The island of Kauai in Hawaii has a large Tesla battery storage facility next to a solar panel farm. Not sure how that is utilized in a high cost of electricity environment.
Interesting idea about stockpiling "barrels" of oil. the problem with doing this is that for the oil industry "barrel" is a unit of measurement, not actual physical barrels. So, you'd need more than a big open lot to transport, and store the oil.
Good thought, but if it was that easy, then the oil prices wouldn't have gone negative in the first place.
Good video! Energy arbitrage is one of the many services that battery systems can provide. Battery systems are extremely flexible and can provide several services within the day. Peak-shaving, energy arbitrage, ancillary services, voltage control, active/reactive power stabilizing and so on. This software is therefore much more relevant than you might expect.
There are pretty solid numbers, known to the gridprovider, that knows when more power needed or when power is enough there. Fluctuations on that are rare. Why? If there where big fluctuations, it would mean you got a unstable grid ;-)
You can rent solar from Tesla and purchase the PowerWalls. The rental is month-to-month, so no long commitment. There is a fee to return the panels, but the new buyer will want them so they can continue paying Tesla the monthly rental. With 10 cent/kWh electricity, it may not make sense to rent, but in California (40 cents/kWh) it does.
Your statement is not true and very mis-leading as far as SCal Edison residential rates is concerned. There is Tier rates and TOU choices. With tier base allocation cost is $0.23/ kWh or 0.30 or 0.37 / kWh depending on how much over the base allocation you use. With TOU rates it varies from $0.17 to $0.43/kWh depending on time of day, 4pm to 9pm is the highest rate, the other lower rates $0.17 to $0.27 varies on time of usage, and if you own an EV like my Tesla. It gets more complicated if you have solar panels like I do since any excess goes back to SCal Edison and I get credited for that (net metering). Bottomline is my electricity bill is between $10 and $15 per month and I charge my Tesla at home 95% of the time, free ‘fuel’ for my car. Annually there is a settlement and if the energy piggy bank has more in it because my panels generated more than I used then SCal sends me a check, if not then I pay them. I expect to get paid next Oct. as my panels were put in Oct. ‘20 and our overall usage is low.
Is there a follow up to this - more recent content?
Because of my solar panels i haven't had bill in 4 months
I have $86 in credit on my account
Just call them and ask them to buy just a battery, it might work. They have been known to sell some things "off menu". Good luck! (Not as confident about getting the autobidder software though)
Peak demand will change when everyone starts plugging in their EVs at night
Ideal. The current 😉 infrastructure will become more efficient. Peaks covered and troughs filled to a better extent.
Yea, it will even out the lows and highs. Energy companies will really like this.
Is the 1st diagram wrong? Energy from the solar panels goes directly to the inverter and then to the home lights because home lights are AC. In the diagram electricity goes from solar panels directly to home lights. Perhaps you have inverters in the solar cells like ENPH? But then why would the inverter exist?
I need to have this technology to buy and sell TSLA stock volatility.
Comments about giving or taking “50 MW” are really about 50 MWh of energy. Energy is a very, very, different thing than power (rate of energy delivery or conversion). “Dr. Know it all” should know better.
It's all about battery production.
I think peaker plants will still have role. If there's a forecast of low electricity availability then maybe 24 to 48 hours ahead of time you can start up the peaker plants and start loading storage batteries rather than waiting for the batteries to go empty and then start the peaker plants. Peaker plants are expensive because they don't run enough hours to offset the over head costs, if they run longer then the per hour cost comes down.
Peakers may have a role for a few more years, but are already too expensive and the cost of generating electricity from them is now much higher than electricity generated from solar and wind. Economics dictate... If what you are selling (in this case electrons) is more than double the price of that from (emerging) competitors, then you will lose customers and the business falls over.
The challenge facing renewables is the dearth of storage systems (such as batteries), but when storage evolves, the need for peakers evaoprates.
It could probably be used in stock trading.
Also connect your EV car as a battery to store kwhs and sell back if you are not using!
That's the idea! :)
Anyone with renewables would be an idiot to not buy some mega packs.
How many Hornsdale batteries to get to 1.2 gw?
I thought the 50000 house owners that were in Auto bidders. Apparently Tesla put in the systems on the condition that Tesla could put on Autobiders
I think every nation could heavily subsidy consumers and non-utility companies feeding the electricity grid at peak demand. There should be some penalty though if not enough % of the actual energy production/storage is fed to the grid over X time, to prevent say Autobidder or similar entity cutting electricity in an area that has grown dependent on the system. People could start installing grid-connected battery and solar/wind systems right away to take advantage of this. Soon after governments could lower the subsidies for utilities running very inefficient peaker plants and in turn subsidy utility-scale energy storage.
There have been at least two studies that have found that houses with installed solar sell, on average, above the market value of houses without solar. One of them found that the selling price margin was even greater than the cost of adding solar.
Those studies were done a few years back. You might want to see if there are more recent studies.
If Vogtle 3&4 manage to come online electricity prices are likely to rise even higher. IIRC GA is over supplied with generation. If grid prices go up it's likely some people will install solar, lowering consumption which will force the utility to raise rates even more in order to make reactor payments.
Basically, if you install solar panels you get your money back when you sell because the house price will increase by the cost of the panels assuming your system is not real old. Panels should last about 20 years as their efficiency drops overtime but not to zero unless they are extremely old.
@@Chainyanker007 Whether installing solar increases the value of your home is an empirical question. We have two studies that found installing solar increases the sales price by that amount or more. But those studies are a bit old. It would be nice to see some more current studies.
Twenty years is the typical warranty length for solar panels, not their expected lifespan. We don't buy cars with 36 month warranties expecting the car to be useless after 36 months.
We simply do not know how long solar panels will last. Aside from some delamination and connector failures of early panels what we see is panels lasting a long time. The oldest installed array is now about 40 years old. At age 35 the panels had lost less than 5% of their output.
The DOE tested panels and stated that panels manufactured post 2000 will lose between 0.5% and 2% per year. Panels mounted where there's lot of UV light (high desert) and/or lots of wind/snow loading will lose output fastest.
Panels installed in the worst conditions should still have at least 60% output after 20 years. Maybe at 25 to 30 years it might make sense to swap out those panels if the real estate where they are installed is expensive. If not, just add more panels.
Panels installed in the best conditions should still be outputting 75% of new when they are 50 years old.
I predict we’ll see a power company that offers to install a power-wall for free (it remains the property of the power company) in return for a contractual agreement to buy all power from that company for a minimum of 10 (?) years at a price 10% (?) less than your current supplier.
Battery costs are a long way from being low enough to make this value proposition work...
@@gregcollins3404
1) Please provide the calculation you used to prove this.
2) What is the current battery cost?
3) What is the battery cost at which my prediction becomes viable?
4) Looking at a graph of the cost of batteries over time, when does a projection of that trend produce the viable battery price?
Note: Battery prices, which were above $1,100 per kilowatt-hour in 2010, have fallen 87% in real terms to $156/kWh in 2019. By 2023, average prices will be close to $100/kWh.
Residential installs would be silly compared to a commercial installation the costs are just to high. A Residential power wall is 7500 for 14KWH Plus the installation costs. You can get Mega Pack for under 300K and have one install and it would equate to hundreds of power walls.
@@frederickstirnkorb3094 that’s the price now. I didn’t claim it was viable now, I predicted it would become viable.
With batteries predicted to be $100/kWh by 2023, 14kWh would only cost $1,400.
And the price will continue to fall.
You’re welcome to provide your calculations proving it won’t.
@@fredbloggs5902 The same argument works with lower cell costs unless the homeowner is going to cover some of the costs. There is a system in Vermont where you could get a Powerwall for 2K installed. That model might work. I would pay 2k just to have the energy backup.
Just buy a non-tesla battery pack. There are other providers. Autobidder will not work with 3rd parties, so just do manual arbs.
Is removal of Powerwalls without Solar due to battery scarcity issues? If Tesla is having that problem with 4 partners ramping factories to solve supplies, then what are the relatively late starters (all others) to do? Does that explain their quantity (>500k/yr) estimates being delayed to 2025 & later? Is TM putting all their EV battery eggs into the (yet to be proven) QS basket which QS states "may" be ready "around" 2027? Other than Tesla+4, will VW, GM, et al, have enough batteries to fill the non-Tesla demand for EVs? Is it 🆗 to assume that 🇨🇳 EV makers have good long term battery supplies?
Mate of me is getting 8 cent € in general for its solar power.
Help. How can I join? Dermot
How can I log in to Tesla auto.
Dermot O Reilly
Telsa would never let consumers use it. Now that they are becoming a energy company in texas. They would just sell the energy back to us at higher rates.
Dr. Know, are you and Early adopoter? Do you have a solar roof on your house and give real life numbers? Some of the numbers you give are speculation. A member of my family does.
There are other businesses that can provide the same thing. Tesla does not have a monopoly.
If you're claiming it's worth the cost, wouldn't buying and installing solar + batteries increase the value of your house for when the time comes to sell?
Another feather in Tesla's cap,world domination.I love it,LET'S GOOOO....I had a idea years ago about buying oil or gas on a gift card at what I thought was a good price,with intention on using or selling the card at a later date for a profit. Of course I have no where to store the oil or gas,but I could lower my Operating costs by purchasing more gasoline in the winter months if this was possible. This is Awesome!!!!
Powerwall stores13Kwh
Say 10c profit per Kwh
$1.30 per day profit.
$475 profit per year.
Just buy $8k in Tesla stock?
Super underestimated
I agree. This has the potential to disrupt yet another market and make Tesla piles of money!
@@DrKnowitallKnows the freaky part is, it's getting used, the industry notices barely and it ia sneaking slowly into getting mainstream.
@@_tronicum Stealth tech for sure! Before anyone realizes it, Autobidder is going to be a major factor in energy costs.
nope its certainly not underestimated.
@@DrKnowitallKnows uhm wrong, also in the future its going to be a serious problem with battery supply. more and more equipments and machines are been converted to battery power and its just the begining.
I’m in the UK with a Model S, Powerwall and third party solar pv. I’m on an energy plan called Tesla Energy via the provider Octopus. Electricity rates in the UK are horrendous with rates starting at £0.15 and up plus a daily charge at a similar value. With Tesla Energy there is no daily charge, and the electricity rate for import and export is £0.08 for this year at least, and as a consequence my electricity bill has halved! Guess I’m already using Autobidder...
Very interesting, I knew that Tesla had obtained a license in the UK to operate as a utility last year. Now I see what they are up too. This is certain to spread to other countries, esp. where electricity is costly. Sounds like you are a beneficiary of Autobidder, great. I live in SCalif drive an S also. I have Panasonic solar panels, no batteries, my utility company has net metering so things work out well for me too, lots of sunshine here.
This system capitalizes volatility.... as adoption increases, the system gets more stable, and prices swing less, the profit margin will shrink.
Just my amateur opinion...
Still a good thing, but there's going to be a balance point where adoption becomes unattractive.
Cyber truck = 5 power walls.
You’re a little off. A Powerwall holds 13.5 KWh. A LR Model 3 holds 78 KWh. We don’t know the battery size in the Cybertruck but I’m guessing the tri motor will be more than 100 KWh maybe 150 KWh.
Is Tesla AI going to become a profit center instead of support services for their products? Would they would sell these AI products?
They've definitely talked about licensing time on their Dojo super computer cluster. But licensing the AI models themselves is an interesting possibility too!
@@DrKnowitallKnows i see zero advantage here because for example in europe all countries have been producing and sharing electricity, germany is finishing a contract with Denmark to install undersea powerlines and windfarms in the north to make electricity. many other companies have also been using the surplus of energy for manufacturing, like a company in iceland which makes ethanol with volcano gases.
@@carholic-sz3qv There still is energy arbitrage in Europe balancing the load requires it. Batteries are superior to intermittent generation by renewable due to lower cost and reliability and speed at which they can respond. Plus with Batteries you can make use of the excess renewables generation.
@@frederickstirnkorb3094 unfortunately the problem is not the storage but the amount of lithium to be used and the automotive is going tonuse a significant part of it and EVs still have about 2% of the global market, imagine it just a 30 or 40%. Batteries are also not big enough to replace something like a nuclear power plant...
@@frederickstirnkorb3094 the excess energy can also be converted to fuel and use for the heavy industry, as aircraft and rocket fuels......
is it possible autobidder will be bidding against itself?
Hahah! That's our future for sure ;)
So a retiree like me with a Model Y LR that sits at home plugged in more than 95% of it's life, has the equivalent of 3 powerwall packs (nearly) just
sitting there. I want it to both provide home emergency power backup AND be in the battery pool for grid power stabilization. An energy company (maybe Tesla) will eventually come along in my state that will sell me power and buy power from me if Tesla software enables power to go 2 ways through it's inverter and power plug....
The problem with sending electricity back to the grid is the system must be monitored in such a manner that power is not sent back when the grid is down as this endangers workers working on the grid. This is currently done with solar panels but would have to somehow be implemented for EVs via software and hardware.
@@Chainyanker007 - right, but interfacing with the grid won't be an issue. No different than current solar, backup battery storage or generator installs - it's all in the electrical code and residential electrical contractors have been spinning up on it for a while. Besides, an energy company like a Tesla would have their preferred hardware along with their own software controls baked in. Eventually a smart grid will likely turn the meter into a utility remote cellular network controlled safety switch...
How to whith droo maney in my account
I sure as hell this OPTICASTOR SOFTWARE has nothing to do with ENRON causing BLACKOUTS to maximize the price.
Greed. Sociopaths.