The pilot will begin in April 2022. By making better use of the energy stored in the battery, offtaker Norsk Hydro will be able to reduce the energy bills and carbon footprint of its extrusion plant. Future projects will see KrakenFlex and Hydro REIN scope out sites in Germany, Sweden and Spain for similar solutions.
Hydro REIN, part of the global aluminium and renewable energy company Norsk Hydro, aims to help industrial clients move to green and sustainable operations by facilitating access to affordable renewable power. The company also provides industrial-scale, renewable energy based solutions to improve energy efficiency, reduce emissions and cut costs.
The KrakenFlex entech platform, which is part of Octopus Energy Group’s technologies division, enables asset owners, energy traders, energy suppliers and system operators to monitor and manage their solar panels, batteries, and electric cars (so called ‘distributed energy devices’) in real-time. This allows users to optimise the performance of their assets.
KrakenFlex currently controls over 1,300 MW across 1,200 green energy assets with a further 2,000 MW of renewable energy to come online in early 2022. The platform is targeting management of 100,000 devices and 6,000 MW of energy capacity by 2023.
“KrakenFlex is on a mission to manage and optimise tens of thousands of energy devices in the next few years to match real-time demand with green electricity, helping to create a truly dynamic, flexible grid” said Devrim Celal, CEO of KrakenFlex. “Hydro REIN has an impressive array of energy resources and we are delighted to partner with them on this initial project in Canada and a further pipeline of work globally. We need more and more industrial businesses to follow Hydro REIN’s path, using energy flexibility to decarbonise their production in increasingly smart ways.”
Olivier Girardot, Head of Hydro REIN, added that the company is pleased to partner with KrakenFlex and that their asset management platform is the best and most user-friendly technology on the market.
For additional information:
