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Octopus Energy has announced the integration of Tesla’s Powerwall batteries with its Kraken platform, allowing customers on its smart tariffs to earn money charging them with cheap electricity and selling it back to the grid when prices are high.
The supplier claimed the combination Tesla’s home battery system with its smart time-of-use tariffs could save the average consumer £250 per year when compared to a standard tariff.
By storing up cheap renewable electricity when it is abundant and releasing it back to grid during periods of high demand, Octopus said it will also help to save money for other consumers by lowering the cost of balancing the electricity system.
The retailer has additionally revealed that its services arm is now certified to install Tesla Powerwall in customers’ homes.
Rebecca Dibb-Simkin, chief product and marketing officer at Octopus Energy, said: “Two energy tech giants are coming together to get the most out of clean tech in people’s homes. Now that Powerwall is integrated into Kraken, it will pass on further savings for customers while helping to balance the grid.”
Tesla director of residential energy, Colby Hastings, added: “This integration of Powerwall with Octopus Energy will increase value for homeowners while maintaining an excellent product experience. We are excited to collaborate with Octopus as we work towards powering the grid of the future.”
Octopus said licensees of the Kraken platform such as Eon and EDF will also be able to take advantage of its integration with the Tesla Powerwall. It said the platform is already able to provide more than 1GW of flexibility through connected home devices.
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