Kraken and SolarEdge Light up Path to Cheaper, Cleaner Energy
Kraken Technologies and SolarEdge Technologies (NASDAQ: SEDG) have announced a strategic partnership to provide low-cost, green energy for SolarEdge Home Battery customers worldwide. The integration of SolarEdge batteries into Kraken's energy platform will allow customers to maximize earnings by charging batteries with cheap, clean energy during abundant periods and selling energy back to the grid during peak times. This process will be fully automated by Kraken.
Initially, Octopus Energy customers in the UK and Texas, U.S., will benefit from 'Intelligent Octopus' tariffs, offering up to 50% lower rates than regular tariffs. SolarEdge systems globally will join Kraken's 'Virtual Power Plant', currently at 1.1GW capacity, enabling energy retailers to develop smart tariffs for SolarEdge battery owners. This partnership aims to drive greater energy resiliency for homes and grids, supporting the transition towards net-zero emissions.
Kraken Technologies e SolarEdge Technologies (NASDAQ: SEDG) hanno annunciato una partnership strategica per fornire energia verde a basso costo ai clienti della batteria domestica SolarEdge in tutto il mondo. L'integrazione delle batterie SolarEdge nella piattaforma energetica di Kraken permetterà ai clienti di massimizzare i guadagni caricando le batterie con energia pulita e a buon mercato durante i periodi di abbondanza e rivendendo energia alla rete durante i momenti di picco. Questo processo sarà completamente automatizzato da Kraken.
Inizialmente, i clienti di Octopus Energy nel Regno Unito e in Texas, negli Stati Uniti, beneficeranno delle tariffe 'Intelligent Octopus', che offrono tariffe fino al 50% più basse rispetto alle tariffe normali. I sistemi SolarEdge a livello globale si uniranno alla 'Virtual Power Plant' di Kraken, attualmente con una capacità di 1,1 GW, consentendo ai rivenditori di energia di sviluppare tariffe intelligenti per i proprietari di batterie SolarEdge. Questa partnership mira a promuovere una maggiore resilienza energetica per le abitazioni e le reti, sostenendo la transizione verso le emissioni nette zero.
Kraken Technologies y SolarEdge Technologies (NASDAQ: SEDG) han anunciado una asociación estratégica para proporcionar energía verde de bajo costo a los clientes de baterías domésticas de SolarEdge en todo el mundo. La integración de las baterías SolarEdge en la plataforma energética de Kraken permitirá a los clientes maximizar sus ganancias al cargar las baterías con energía limpia y barata durante los períodos de abundancia y vendiendo energía de vuelta a la red durante los momentos pico. Este proceso será completamente automatizado por Kraken.
Inicialmente, los clientes de Octopus Energy en el Reino Unido y Texas, EE. UU. se beneficiarán de las tarifas de 'Intelligent Octopus', que ofrecen tarifas hasta un 50% más bajas que las tarifas regulares. Los sistemas SolarEdge a nivel mundial se unirán a la 'Virtual Power Plant' de Kraken, que actualmente tiene una capacidad de 1.1 GW, permitiendo a los minoristas de energía desarrollar tarifas inteligentes para los propietarios de baterías SolarEdge. Esta asociación tiene como objetivo impulsar una mayor resiliencia energética para los hogares y las redes, apoyando la transición hacia emisiones netas cero.
크라켄 테크놀로지와 솔라엣지 테크놀로지 (NASDAQ: SEDG)는 전 세계 솔라엣지 홈 배터리 고객에게 저비용의 친환경 에너지를 제공하기 위한 전략적 파트너십을 발표했습니다. 솔라엣지 배터리를 크라켄의 에너지 플랫폼에 통합함으로써 고객들은 풍부한 기간 동안 저렴하고 깨끗한 에너지로 배터리를 충전하고, 피크 시간 동안 에너지를 재판매하여 수익을 극대화할 수 있게 됩니다. 이 과정은 크라켄에 의해 완전히 자동화됩니다.
초기에는 영국과 미국 텍사스의 옥토퍼스 에너지 고객가 '지능형 옥토퍼스' 요금제의 혜택을 받을 것이며, 이 요금제는 일반 요금보다 최대 50% 낮은 요금을 제공합니다. 솔라엣지 시스템은 현재 1.1GW 용량을 가진 크라켄의 '가상 발전소'에 합류하여 에너지 소매점들이 솔라엣지 배터리 소유자를 위한 스마트 요금을 개발할 수 있도록 합니다. 이 파트너십은 주택 및 전력망에 대한 에너지 회복력을 강화하고, 넷 제로 배출로의 전환을 지원하는 것을 목표로 하고 있습니다.
Kraken Technologies et SolarEdge Technologies (NASDAQ: SEDG) ont annoncé un partenariat stratégique pour fournir une énergie verte à faible coût aux clients des batteries domestiques SolarEdge dans le monde entier. L'intégration des batteries SolarEdge dans la plateforme énergétique de Kraken permettra aux clients de maximiser leurs revenus en chargeant les batteries avec de l'énergie propre et bon marché pendant les périodes de surplus et en revendant de l'énergie au réseau pendant les heures de pointe. Ce processus sera entièrement automatisé par Kraken.
Dans un premier temps, les clients d'Octopus Energy au Royaume-Uni et au Texas, États-Unis bénéficieront des tarifs 'Intelligent Octopus', offrant des tarifs jusqu'à 50% moins chers que les tarifs habituels. Les systèmes SolarEdge dans le monde entier rejoindront la 'Virtual Power Plant' de Kraken, qui a actuellement une capacité de 1,1 GW, permettant aux détaillants d'énergie de développer des tarifs intelligents pour les propriétaires de batteries SolarEdge. Ce partenariat vise à renforcer la résilience énergétique des maisons et des réseaux, soutenant la transition vers des émissions nettes nulles.
Kraken Technologies und SolarEdge Technologies (NASDAQ: SEDG) haben eine strategische Partnerschaft angekündigt, um preiswerten, grünen Strom für Kunden der SolarEdge Home Battery weltweit bereitzustellen. Die Integration der SolarEdge-Batterien in die Energieplattform von Kraken ermöglicht es den Kunden, ihre Einnahmen zu maximieren, indem sie Batterien während der reichhaltigen Phasen mit günstiger, sauberer Energie aufladen und Energie während der Spitzenzeiten wieder ins Netz einspeisen. Dieser Prozess wird von Kraken vollständig automatisiert.
Ursprünglich werden Octopus Energy-Kunden im Vereinigten Königreich und Texas, USA von den 'Intelligent Octopus'-Tarifen profitieren, die bis zu 50% niedrigere Preise als die regulären Tarife anbieten. SolarEdge-Systeme weltweit werden sich Kraken's 'Virtuelle Kraftwerk' anschließen, das derzeit eine Kapazität von 1,1 GW hat und es Energieanbietern ermöglicht, intelligente Tarife für SolarEdge-Batteriebesitzer zu entwickeln. Diese Partnerschaft zielt darauf ab, eine höhere Energie-Resilienz für Haushalte und Netze zu fördern und den Übergang zu netto null Emissionen zu unterstützen.
- Strategic partnership to provide low-cost, green energy for SolarEdge Home Battery customers
- Potential for customers to maximize earnings through automated energy trading
- Integration with Kraken's 'Virtual Power Plant' (1.1GW capacity) to balance energy supply and demand
- Opportunity for global energy retailers to develop smart tariffs for SolarEdge battery owners
- Expansion of SolarEdge's market reach through Kraken's global client base
- None.
Insights
The strategic partnership between Kraken Technologies and SolarEdge Technologies (NASDAQ: SEDG) marks a significant development in the renewable energy sector, with potential implications for both companies' financial performance and market positioning.
For SolarEdge, this collaboration could lead to increased demand for their Home Battery systems, as customers gain access to more cost-effective energy management solutions. The integration with Kraken's platform may enhance SolarEdge's value proposition, potentially driving sales growth and market share expansion in the competitive clean energy market.
From a revenue perspective, SolarEdge might benefit from a higher adoption rate of their battery systems, which could translate into improved top-line growth. Additionally, the partnership may lead to recurring revenue streams if SolarEdge can capitalize on the energy trading capabilities enabled by Kraken's platform.
For Kraken Technologies and its parent company Octopus Energy, this partnership expands their Virtual Power Plant capacity, potentially increasing their ability to generate revenue from grid balancing services. The addition of SolarEdge's global customer base to Kraken's ecosystem could significantly scale their operations and enhance their market position.
Investors should monitor key performance indicators in the coming quarters, including:
- SolarEdge's Home Battery sales growth rates
- Changes in SolarEdge's average revenue per user (ARPU)
- Expansion of Kraken's Virtual Power Plant capacity
- Impact on customer acquisition costs for both companies
While the partnership shows promise, it's important to assess its actual impact on financial results and market penetration in the medium to long term before drawing definitive conclusions about its success.
The integration of SolarEdge's Home Battery systems with Kraken's energy platform represents a significant technological advancement in the smart grid ecosystem. This partnership leverages the strengths of both companies to create a more efficient and responsive energy management system.
Key technological aspects to consider include:
- Automated Energy Optimization: Kraken's AI-driven platform will automatically manage charging and discharging of SolarEdge batteries, maximizing cost savings and grid efficiency.
- Virtual Power Plant (VPP) Expansion: The addition of SolarEdge systems to Kraken's VPP, currently at 1.1GW, could substantially increase the capacity and flexibility of this distributed energy resource.
- Smart Tariff Integration: The ability to offer dynamic pricing through 'Intelligent Octopus' tariffs showcases advanced integration between hardware and software platforms.
This collaboration could accelerate the development of more sophisticated energy management algorithms and potentially lead to innovations in grid-scale energy balancing. The scalability of this solution, with SolarEdge's global presence, may also drive standardization in smart grid technologies across different markets.
From a technical perspective, the success of this partnership will depend on factors such as:
- The robustness and reliability of the API integration between SolarEdge and Kraken systems
- The ability to handle real-time data processing and decision-making at scale
- Security measures to protect the expanded network of connected devices
As this technology matures, we may see increased interest from utilities and regulators in leveraging such integrated systems for grid management, potentially leading to new standards and regulations in the smart grid sector.
- SolarEdge Home Battery customers will be able to save by charging with low-cost, clean energy – fully automated by Kraken
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Octopus Energy customers in the
UK and US first to benefit from lower energy bills - SolarEdge systems around the world to expand Kraken's 'Virtual Power Plant' potential and turbocharge the smart grid
SolarEdge Home Batteries (Photo: Business Wire)
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
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.
Zvi Lando, CEO, SolarEdge Technologies, comments: “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
Devrim Celal, CEO of Kraken, says: “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.”
About SolarEdge
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, and grid services solutions. Visit us at: SolarEdge.com
About Kraken
Kraken Technologies offers a best-in-class end-to-end platform for energy supply and is operating in the
Based on advanced data and machine learning capabilities, Kraken automates much of the energy supply chain to allow outstanding service and efficiency as the world transitions to a decentralised, decarbonised energy system. Kraken manages more than 38 gigawatts in utility scale assets. These span a wide range of technologies, from off-shore wind to grid-scale batteries. Kraken is also a global leader in the rapidly growing field of domestic flexibility. The platform already handles 162,000 domestic devices, totalling over a gigawatt of power.
Kraken Technologies is part of Octopus Energy Group and was developed to enable select third parties to take advantage of the technologies developed by Octopus Energy. It has already been licensed by major global players, including Origin Energy, E.ON and EDF. https://kraken.tech/
View source version on businesswire.com: https://www.businesswire.com/news/home/20240724918332/en/
SolarEdge Press Contact:
Lily Salkin
Senior Manager Global PR
Lily.salkin@solaredge.com
SolarEdge Investor Contact
JB Lowe
Head of Investor Relations
investors@solaredge.com
Source: SolarEdge Technologies, Inc.
FAQ
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