Gasgoo Munich- UK-based Octopus Energy, Ampace, and CATL have signed a memorandum of understanding to jointly explore smart residential energy storage solutions for the European market.
Image source: Octopus Energy
Key Takeaways
·Ampace will develop and manufacture the battery cells, battery management systems and energy storage systems, supported by CATL's technology and supply-chain coordination.
·Octopus Energy will contribute its European customer channels, dynamic electricity-pricing algorithms and virtual power plant access services. The partners will prioritize the UK, France and Spain.
·The planned system will connect home storage with rooftop solar, smart charging, vehicle-to-grid technology and virtual power plants, allowing residential batteries to operate as dispatchable grid resources.
Partnership scope
The partnership divides responsibilities across battery hardware, energy-management software and customer channels, with the three companies seeking to deploy integrated residential energy systems in Europe.
Background
The agreement extends the relationship between Octopus Energy and CATL into residential energy, following their European heavy-duty truck battery-swapping cooperation announced in June.
Market rollout
Octopus Energy and CATL plan to explore and introduce co-branded home energy solutions for European households.
