Octopus Energy has announced a partnership and service integration with American electric car and battery manufacturer, Tesla.
Under the terms of the agreement, Octopus is certified to install Tesla Powerwall, a solar-powered home battery, in Spain and the UK.
Tesla Powerwall customers in both countries will be able to access Octopus’ range of smart tariffs, including the smart Octopus Flux, which is designed to respond flexibly to prices throughout the day, charging batteries when prices are low and selling them when prices are high to support the grid during peak periods. Octopus claims the tariff could save customers £250 per year compared to standard import and export tariffs.
Colby Hastings, director of Residential Energy at Tesla, said the integration will increase value for homeowners while maintaining a great product experience.
Octopus’ smart utility platform, Kraken, optimizes more than 60,000 distributed energy resources around the world, including batteries, electric vehicles, heat pumps, and large-scale solar assets. “Now that Powerwall is integrated into Kraken, it will deliver even greater savings for customers while helping to balance the grid,” added Rebecca Dibb-Simkin, director of product and marketing at Octopus Energy.
Popular content
Earlier this year, Tesla launched an application programming interface to allow third-party developers to interact with its home energy products.
This content is copyrighted and may not be reused. If you would like to work with us and reuse some of our content, please contact: editors@pv-magazine.com.
“Entrepreneur. Internet fanatic. Certified zombie scholar. Friendly troublemaker. Bacon expert.”