Kraken Technologies, part of the Al Gore-backed Octopus Energy Group, has signed its first U.S. deal with energy manager Tenaska Power Services (TPS).
Through a cloud-based platform, Kraken uses advanced data analytics, AI and optimization to maximize usage, revenues and environmental benefit at wind and solar farms or batteries.
Kraken will initially manage certain TPS customer battery sites in Texas but could grow across the company’s U.S. portfolio.
The collaboration will give TPS “greater operational flexibility, enhance grid stability, and optimize its customers’ revenue streams in an increasingly dynamic energy landscape,” according to a release June 7.
Kraken is active in 14 countries and manages over 6 GW across more than 45,000 green energy assets. It is targeting the management of 200,000 assets and 10 GW of energy capacity by the end of 2023.
It is also under contract to serve 30 million energy customer accounts globally, targeting management of 100 million by 2027.
TPS is part of Tenaska, one of the largest natural gas and electric power marketing companies in North America. Its portfolio includes more than 23 GW of solar, wind, energy storage and 10 carbon sequestration projects.
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