Enphase inks Texas VPP handle Octopus Energy

Jan 20, 2023 09:56 AM ET
  • Renewable energy retailer Octopus Energy united state introduced a new collaboration with Enphase Energy. Octopus Energy customers now have the opportunity to integrate Enphase home solar as well as battery solutions in their energy plan to unlock low-cost household energy rates. As part of the agreement, Octopus Energy will certainly be able to flexibly control the customer's battery to lower usage when the grid is the most constrained and also help save customers numerous dollars yearly.
Enphase inks Texas VPP handle Octopus Energy
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With Kraken Flex, Octopus Energy's proprietary software platform for handling, managing, as well as enhancing Distributed Energy Resources (DERs), Octopus Energy plans to develop a Virtual Power Plant with the Enphase home battery systems, and also will certainly be bidding these DERs in the Electric Reliability Council of Texas (ERCOT) ancillary markets, an initial of its kind for these assets. Octopus Energy can enhance just how a customer's battery engages with the electric grid with Smart Octopus, its smart tool retail energy plan, customers can access the cheapest retail rates.

As Octopus Energy increases its retail energy visibility to states outside of Texas, the business hopes to make use of this partnership, which both reduces prices for customers as well as promotes a cleaner grid.

" Our partnership with Enphase Energy is a critically vital step as we speed up the renewable energy shift across the united state Tons flexibility creates enormous value in high-renewable energy grids as well as energy retailers have a special capability to tailor electric rates for customers, so this an excellent chance to incorporate the value of need action into a retail product to create the cheapest rates for customers. Retailers have the opportunity to lead the energy shift by integrating customer-centric item offerings, contemporary technology, and also rate-making authority to create products that reduced expenses as well as really reduced carbon," claimed Michael Lee, CEO of Octopus Energy united state "We look forward to dealing with Enphase Energy as we grow a wide range of affordable and also ingenious rates to decarbonize our electric grid."

Octopus Energy and Enphase's collaboration comes as policymakers around the world seek to leverage arising modern technologies to hasten the change to renewables, as well as eliminate barriers to clean energy development. With Enphase Energy, Octopus Energy will enable customers to enhance their home energy system around easy engagement in ancillary markets as well as need response programs for immediate cost savings.

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