Renewable power retailer Octopus Energy U.S. fashioned a brand new partnership with Enphase Energy, to offer its clients the chance so as to add Enphase house photo voltaic + battery programs of their power plan. As a part of the deal, Octopus Power plans to create a digital energy plant with the Enphase house battery programs, and bid the capability of the distributed power assets (DERs) within the Electrical Reliability Council of Texas (ERCOT) ancillary markets.
Kraken Flex makes this attainable. It’s Octopus Power’s proprietary software program platform for managing, controlling, and optimizing DER. With it, Octopus Power can optimize how a buyer’s battery interacts with the electrical grid by Clever Octopus, its sensible machine retail power plan, clients can entry the most affordable retail charges.
“Load flexibility creates huge worth in high-renewable power grids and power retailers have a singular means to customise electrical charges for patrons, so this an ideal alternative to combine the worth of demand response right into a retail product to create the most affordable charges for patrons,” mentioned Michael Lee, CEO of Octopus Power U.S. “Retailers have the chance to steer the power transition by combining customer-centric product choices, trendy know-how, and rate-making authority to create merchandise that decrease prices and really decrease carbon.”
Whereas nonetheless considerably new within the U.S., Octopus Power is likely one of the most awarded power firms in the UK, the place the corporate was based 5 years in the past. Octopus Power entered the U.S. market in 2020 and launched Octopus Electrical Autos in 2022, its built-in demand response EV leasing plan, in addition to Clever Octopus, a sensible demand response plan which lowers electrical charges by as much as 30 % simply by permitting Octopus to automate sensible charging for the shopper.
As Octopus Power expands its retail power presence to states outdoors of Texas, Octopus Power hopes to reap the benefits of this partnership, which each reduces prices for patrons and promotes a cleaner grid.
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