The partnership between the two energy technology giants will see Octopus install a solar-powered Tesla Powerwall home battery and Tesla customers will benefit from Octopus’ range of smart tariffs.
Octopus energy has announced a partnership and service integration with US-based electric car and battery manufacturer Tesla.
Under the terms of the agreement, Octopus is certified to provide the Tesla Powerwalla solar powered home battery, in Spain And the UK.
Tesla Powerwall customers in both countries will have access to Octopus’ range of smart tariffs, including Intelligent Octopus Flux, which is designed to respond flexibly to prices throughout the day, charging batteries when prices are low and selling when they are be high during peak periods. Octopus says this rate could save customers £250 per year compared to a standard import and export tariff.
Colby Hastings, director of Residential Energy at Tesla, said the integration will increase value for homeowners while maintaining an excellent product experience.
Octopus’ smart utility platform, Kraken, optimizes more than 60,000 distributed energy resources worldwide, including batteries, electric vehicles, heat pumps and large-scale solar installations. “Now that Powerwall is integrated into Kraken, it will deliver further savings for customers while helping to balance the grid,” said Rebecca Dibb-Simkin, Chief Product and Marketing Officer at Octopus Energy.
Earlier this year, Tesla released one application programming interface to enable third-party developers to interact with their home energy products.
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