CLOUD-BASED ANALYTICS TO BENEFIT ENERGY HARVESTING

Kraken Technologies, part of the Al Gore-backed Octopus Energy Group, has signed a 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.”

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.

Tenaska is a private, independent energy company based in the United States. The employee-owned company was founded in 1987 and is headquartered in Omaha, Nebraska, with regional offices in Dallas, Denver, Philadelphia, Boston, Houston, and Calgary and Vancouver in Canada. The company employs approximately 700 people. Tenaska is involved in all aspects of power generation, as well as natural gas and electric power marketing. The company has developed approximately 16,400 megawatts (MW) of natural gas-fueled and renewable power projects (solar, wind and hydroelectric). Tenaska and its affiliates have managed the acquisition of approximately 10,750 MW of energy assets. Forbes magazine consistently ranks Tenaska among the largest private U.S. companies.