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Global clean tech leaders Kraken Technologies and SolarEdge Technologies, Inc. ("SolarEdge") (NASDAQ:SEDG) are today announcing a strategic partnership to unlock low-cost, green energy for SolarEdge Home Battery customers around the world.
SolarEdge batteries will be integrated into Kraken – the world's fastest growing energy platform and the technology behind Octopus Energy. This will allow SolarEdge customers to maximise earnings by charging their batteries with cheap, clean energy when it is most abundant, and selling energy back to the grid to support supply at peak times – all fully automated by Kraken.
The first to benefit from the partnership will be Octopus Energy customers in the UK and Texas, U.S., who will get access to Octopus Energy's ‘Intelligent Octopus' tariffs. These smart import and export tariffs offer customers competitive rates for consuming and selling their energy – up to 50% lower than on a regular tariff.
SolarEdge systems around the world will be able to join Kraken's ‘Virtual Power Plant' – currently 1.1GW of distributed domestic devices that balance energy supply and demand and unleash the full power of the future smart grid. This enables Kraken's global client base of energy retailers to develop their own smart tariffs for SolarEdge battery owners. The client base includes major global energy players such as E.ON, EDF, Tokyo Gas, Origin and Octopus Energy.
Posted In: SEDG
