Enphase Energy Partners with Octopus Energy Group in the United Kingdom
22 Abril 2024 - 9:00AM
Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology
company and the world's leading supplier of microinverter-based
solar and battery systems, announced today a new strategic
relationship with global energy and tech company, Octopus Energy
Group. The parties will focus on deploying Enphase IQ8™
Microinverters and IQ™ Battery 5P™ in the United Kingdom. Octopus
Energy’s retail customers in the United Kingdom can now integrate
Enphase’s home solar and battery systems in their energy plans to
unlock low-cost residential energy rates.
Octopus Energy will also use Kraken, its proprietary software
platform for managing, controlling, and optimizing distributed
energy resources (DERs), to allow its clients to create virtual
power plants (VPPs) with Enphase’s solar and battery systems.
Octopus, upon integrating with Enphase’s technology, enables
support for the dynamic management of customer batteries and helps
reduce overall energy usage when the grid is the most constrained.
With this integration between the two technologies, Octopus’
customers who install Enphase® Energy Systems™ will be able to
benefit from Octopus’ smart tariffs, such as “Intelligent Octopus
Flux,” which can save customers money on electricity bills each
year.
"This strategic relationship is an exciting step forward in
solar technology growth and homeowner empowerment in the United
Kingdom,” said Devrim Celal, CEO of Kraken Technologies, part of
the Octopus Energy Group. “By integrating Enphase’s systems with
Octopus Energy's forward-thinking approach to energy management,
we're not only driving down costs for consumers but also creating a
cheaper, greener grid in real-time.”
Octopus Energy is the largest electricity provider in the United
Kingdom, offering customer service and energy products to almost
seven million households. The company has operations in 16
countries and its advanced data and machine learning platform,
Kraken, supports more than 54 million customers worldwide.
The third-generation Enphase Energy System suite offers a
significantly improved experience for homeowners and installers
because of more power, resilient wired communication, and an
improved commissioning experience. The IQ Battery 5P device is a
modular design with 5 kWh capacity; the new IQ8 Microinverters
provide peak AC power up to 384 W to support newer high-powered
solar modules. Homeowners can also use the Enphase® App to monitor
performance and intelligently manage their systems. Enphase Energy
Systems are fully G100-2 compliant to support the latest UK
Electricity Networks Association requirements for grid connection
of solar and battery storage. In addition, Enphase offers 24/7
customer support and an industry-leading warranty for both solar
and battery products. This includes a 25-year warranty for all IQ8
Microinverters and a 15-year warranty for all IQ Batteries
activated in the United Kingdom.
“Our innovative home energy systems paired with Octopus Energy’s
intuitive tariffs and intelligent management of DERs can unlock
huge potential for the energy grid,” said Marco Krapels, vice
president of worldwide business development at Enphase Energy.
“Together, we can provide flexible and cost-effective energy usage
across more than seven million households in the United Kingdom,
and accelerate the broader energy transition. We look forward to
continuing to grow our relationships with leading energy providers
like Octopus Energy across the world and helping homeowners
maximize the value of their solar and battery investments.”
Enphase Energy is also a participant in the Octopus Energy
GridBoost battery program in Texas. For more information about
Enphase Energy Systems in the United Kingdom, visit the website.
For more information about Octopus Energy, please visit their
website.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in
Fremont, CA, is the world's leading supplier of microinverter-based
solar and battery systems that enable people to harness the sun to
make, use, save, and sell their own power—and control it all with a
smart mobile app. The company revolutionized the solar industry
with its microinverter-based technology and builds all-in-one
solar, battery, and software solutions. Enphase has shipped more
than 73 million microinverters, and approximately 4.0 million
Enphase-based systems have been deployed in more than 150
countries. For more information, visit https://enphase.com/.
©2024 Enphase Energy, Inc. All rights reserved. Enphase, the “e”
logo, IQ, IQ8, and certain other marks listed at
https://enphase.com/trademark-usage-guidelines are trademarks of
Enphase Energy, Inc. in the United States and other countries.
Other names are for informational purposes and may be trademarks of
their respective owners.
Forward-Looking Statements
This press release may contain forward-looking statements,
including statements related to the expected capabilities and
performance of Enphase Energy’s technology and products, including
safety, quality and reliability; the availability and market
adoption of our products in the United Kingdom; Enphase’s
expectations about low-cost residential energy rates and smart
tariffs; and Enphase’s ability to expand its support for VPPs.
These forward-looking statements are based on Enphase’s current
expectations and inherently involve significant risks and
uncertainties. Actual results and the timing of events could differ
materially from those anticipated in such forward-looking
statements as a result of certain risks and uncertainties,
including those risks described in more detail in Enphase’s most
recently filed Annual Report on Form 10-K for the year ended
December 31, 2023 and other documents on file with the SEC from
time to time, which are available on the SEC’s website at
https://www.sec.gov/. Enphase Energy undertakes no duty or
obligation to update any forward-looking statements contained in
this release as a result of new information, future events, or
changes in its expectations, except as required by law.
Contact:
Enphase Energy press@enphaseenergy.com
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