Kraken, Octopus Energy’s energy technology platform, has partnered with battery technology company SolarEdge.
Kraken will incorporate SolarEdge’s batteries into its technology platform through the strategic partnership. In doing so, SolarEdge customers will be able to use Kraken’s system to charge their domestic BESS cheaply during off-peak times and sell it back to the grid during peak hours.
International SolarEdge customers can join Kraken’s virtual power plant (VPP) network for domestic devices, which helps with grid balancing.
Meanwhile, Octopus Energy customers who use SolarEdge BESS will have access to “Intelligent Octopus” – a smart import and export tariff.
Zvi Lando, CEO of SolarEdge Technologies, says: “This strategic partnership puts SolarEdge customers at the centre of the energy ecosystem and helps drive greater energy resiliency to homes and the grid in the UK and Texas.
“As the world continues to transition towards net-zero, these programs will be critical to ensuring a stable penetration of renewable energy into the grid network.”
Devrim Celal, CEO of Kraken, adds: “This partnership with SolarEdge sees a key player in clean domestic energy tech join our ecosystem. The scale this brings will benefit our customers’ pockets and support the transition to a clean, sustainable energy system.”
This development is one in a pipeline of solar and BESS partnerships Octopus Energy has been investing in. June saw the provider sign a two-year deal with Gresham House Energy Storage Fund to increase the company’s portfolio to more than 1.5GW.
Octopus additionally launched a “UK first” solar and heat pump referral scheme, which gives £100 credit to customers who install a pump or solar panel system from Octopus.
[Image credit: SolarEdge]
