Octopus Energy integrates with Tesla Powerwall, enabling lower bills for customers

• Cooperation paves way for Powerwalls to be integrated with Kraken platform
• Tesla Powerwall owners can flexibly shift demand and unlock cheaper bills
• Octopus Energy to offer Powerwall installation to customers in the UK and Spain

London, 17th June 2024 - Octopus Energy today announces that Tesla Powerwall customers can unlock low-cost, green energy through Kraken.

Powerwall customers can maximise earnings by drawing cheap, clean energy from the grid when it is most abundant, and unloading onto the grid at peak times – all fully automated by the Kraken platform.

This integration will allow Powerwall customers to access Octopus’ range of smart tariffs, including ‘Intelligent Octopus Flux’.

The tariff maximises customers’ earnings by responding flexibly to prices throughout the day – charging their batteries when prices are low and selling when they are high to support the grid during peak periods – saving average customers £250 a year compared to a standard import and export tariff

Home batteries save money for all customers – not just those who own them – because in combination with smart tariffs, they help balance the entire grid.

In addition to the integration, Octopus Energy is now certified to install the Tesla Powerwall in Spain and the UK. The solar-powered home batteries will be installed by Octopus’ services arm.

Octopus has built a reputation as a global powerhouse in clean tech, thanks to its work rolling out solar panels, heat pumps, electric car chargers and smart meters in hundreds of thousands of customer homes.

The business plans to hire up to 4,000 new team members in its UK services division this year to speed up the energy transition. The Powerwall installations will be supported by dedicated customer support teams in both countries.

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.”

Colby Hastings, Director of Residential Energy at Tesla, said: “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.”

Kraken is contracted to manage over 54 million customer accounts globally through licence agreements with energy giants like E.ON, Origin Energy and EDF. The platform is already a global leader in the rapidly growing field of domestic flexibility, managing over 1 GW of shiftable power through connected devices. The benefits of the Powerwall partnership are now also available to Kraken licensees.

For more information about Tesla Powerwall installations and how to optimise your energy usage with Octopus’ smart meter technologies, visit www.octopusenergy.com.

-ENDS-

Press Contacts

Octopus Energy Group

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About Octopus Energy Group

Octopus Energy is a global clean energy tech business, driving the affordable, green energy system of the future. Under its own retail brand, Octopus delivers world-class customer service and cutting edge energy products to 7.8 million households globally. Its operations span 18 countries and the entire energy value chain. The group invests in, builds and flexibly manages renewable energy, operating a £7 billion portfolio of projects.

Octopus has licensed its advanced data and machine learning platform, Kraken, to support over 54 million customer accounts worldwide through licensing deals with companies such as EDF, E.ON and Origin Energy. Kraken enables Octopus to drive the electrification of heat and transport through smart tariffs and innovative cleantech. Backed by pension funds, investors and energy giants, Octopus Energy Group businesses deliver cheaper, greener energy and cutting-edge tech to countries and customers worldwide. For more information, check out our website.