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, US, 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 percent lower than on a regular tariff.
SolarEdge systems around the world will be able to join Kraken’s ‘Virtual Power Plant’ – currently 1.1 GW 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.
“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” said Zvi Lando, CEO, SolarEdge Technologies. “As the world continues to transition towards net-zero, these programmes will be critical to ensuring a stable penetration of renewable energy into the grid network.”
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