MY £75 OCTOPUS ENERGY REFERRAL CODE LINK

Anyone who wants to control Distributed Energy Resources can use Kraken. Distributed Energy Resource Management Systems (or DERMS) is a platform which can be used to control multiple assets of any size and scale for a variety of different purposes. It enables asset owners, traders, energy retailers or system operators to control any asset remotely and in real time. This could be anything from a 3kW heat pump right up to a 50MW utility scale battery. KrakenFlex work with asset owners (e.g. people who own batteries, solar PV or wind turbines), traders (people who use operating assets to make money e.g. utilising a battery to provide frequency support to the grid), energy retailers (like Octopus Energy who can offer new services and products to customers, e.g. specific time-of-use retail tariffs) and system operators (e.g Elia, who as a transmission operator have to manage demand and frequency on their network).

In June 2024 it was announced that Octopus will install the solar-powered Tesla Powerwall home battery in both UK and Spain. With Powerwall integrated into Kraken, Tesla customers will be able to access Octopus’ range of smart tariffs and flexibly shift demand and unlock cheaper bills by pulling cheap, green energy from the grid when it is most abundant and unloading onto the grid at peak times. All fully automated by the Kraken platform.   

The ability of KrakenFlex to manage large numbers of distributed assets can lead to a more flexible and resilient electricity grid. This is increasingly important as more renewable energy sources come online. For example, voltage fluctuations resulting from the high variability of solar PV can be effectively dealt with by optimizing DERs, including client loads, on the grid. The KrakenFlex platform allows for Aggregation (combining portfolios of assets into grid-wide resources to balance supply and demand), Simplification (as a one-stop shop for multiple assets of any size or scale), Automation (using algorithms to automate pre-determined responses utilising machine learning) and Optimisation (the ability to ensure assets are fully utilised and value is created).

For further details about Octopus Kraken, you can find out more on their website: Kraken Flex.

If considering switching your energy supply to Octopus, don't forget to use my Octopus Energy referral link to earn £50 free account credit when your switch completes and you've made your first payment. You'll also receive £25 extra from me, payable via your choice of PayPal, bank transfer or Amazon gift card. Just submit my contact form to confirm you've used my referral code and how you'd like your £25 paid!