TESLA (Europe) Ltd was incorporated in 1992 and the first TESLA Model was developed for The London Electricity Board. TESLA, Inc. was founded in 1995 to continue to build on this success in the United States. In 2010, TESLA Asia Pacific Ltd was founded as part of a plan to offer energy industry forecasting solutions worldwide.
Our original product offering was used primarily for weather effect decomposition. The TESLA Model was also originally applied to historical energy demand analysis to derive sets of temperature response curves for host systems. From the beginning, it was apparent that the TESLA Model could provide superior short-range demand forecasts, particularly in advance of changes in weather patterns. Our first forecasting solution packages with complete interactive user interfaces went into use in the first year of the company’s existence.
While our early users were traditional utilities, deregulation of the energy markets and increased concerns about efficient energy use have broadened our client base to include trading organizations and retail suppliers. Expansion of our client base has been accompanied by advances in the breadth and quality of our products and services in order to better support integration into host systems, very rapid response to changing situations, and intuitive interactive tools for weather risk analysis.
We’ve taken advantage of the growth of internet access both to provide clients with delivery options ranging from on-site system installations to a purely web-based alternatives. The growing global significance of the internet has also facilitated expansion into Europe, Asia Pacific and the rest of the world.