Octopus Energy Group’s Kraken to reduce bills for Belgian households through a mix of smart home technology
Pioneering entech platform Kraken has been licensed by energy solutions provider Noven to save Belgian households from costly peak energy costs, through a mix of smart home technology and flexibility technology.
Noven will test the Kraken platform to control heat pumps, solar panels, EV chargers and smart meters to automatically reduce consumption and ensure customers avoid the costly peak charges. It is the first time domestic flexibility has been harnessed in this way in the country.
Following a number of successful flexibility trials like this in the UK, which saw over 100,000 consumers willingly reduce usage in return for savings, Kraken and Noven are hoping to expand the project and bring down grid costs and energy bills for everyone in Belgium.
Kraken offers its clients end-to-end management of the whole energy supply chain through one simple platform, creating relentless efficiency, flexibility to a scale never seen before and unrivalled scaling potential in a renewable world. Its flexibility division is currently contracted to control over 3,800 MW across 10,000 green energy assets. The platform is targeting management of 25,000 devices and 6,000 MW of energy capacity by 2023. The platform recently went live in Canada for the first time with a 500kW Tesla battery owned by Hydro REIN.
Information Source: Read More
ENERGY | ELECTRIC POWER | NATURAL GAS | AUTOMOTIVE | CLIMATE | RENEWABLE | WIND | TRANSITION | LPG | OIL & GAS | SOLAR | ELECTRIC VEHICLES| BIOMASS | SUSTAINABILITY | OIL PRICE |COMMODITIES | ELECTRIC POWER | NUCLEAR | LNG | REFINED PRODUCTS | SHIPPING|
