Octopus Energy unveils ‘Project Mercury’ – a global vision for a smart energy tech ecosystem

• Mercury alliance to set technical standards for smart energy device integration
• Global clean tech manufacturers and utilities invited to join the new alliance
• Octopus manages the world’s largest virtual power plant, comprising over 1GW of flexible demand via +200k connected devices

London, 17th October - Octopus Energy Group today launches ‘Project Mercury’, a new alliance to set global standards for the integration of clean tech with smart energy systems.

First announced at the WIRED x Octopus Energy Tech Summit in Berlin last Thursday, Octopus aims to establish a global consortium of hardware manufacturers to simplify the integration of the 200 million clean tech devices that are predicted to be in use by 2030.

Known as ‘Mercury Enabled’, the new technical guidelines will certify device interoperability and functionality to support energy grids by balancing supply and demand.

The new standard will simplify the switch to clean tech devices like heat pumps, batteries, solar panels and EV chargers for millions of customers – and most importantly, give them the confidence that their clean tech will work with other established brands.

‘Project Mercury’ will also foster collaboration across the industry to drive broad adoption, promoting consumer participation in global demand flexibility schemes, such as Octopus Energy’s ‘Saving Sessions’, and the uptake of smart energy tariffs.

Greg Jackson, Founder of Octopus Energy Group, says: “Just as Bluetooth set a global standard for tech devices, we need a similar approach for energy – allowing millions of smart energy technologies to seamlessly integrate with each other.

“We invite the entire smart energy industry to join ‘Project Mercury’ to create common standards for the smart thermostats, heat pumps, EV chargers and batteries in our homes. This will bring us closer to a fully connected, sustainable and affordable energy ecosystem.”

In just two years Octopus has built the world’s largest virtual power plant, managing over 1GW of flexible demand in the UK via 200,000 connected energy devices. The company is now the largest power supplier in the UK, with operations in 18 countries.

Device manufacturers and utilities interested in joining the global Mercury alliance should email mercury@kraken.tech.

-ENDS-

Press Contacts

Octopus Energy Group

press@octoenergy.com

+44 (0)20 4530 8369

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 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.