03 November 2021
Elia Group (BE-GE) and Octopus Energy Group (UK) sign agreement to collaborate on consumer-centric energy flexibility services to facilitate the energy transition
Elia Group and Octopus Energy Group, two pioneering companies in the energy sector, have signed an MoU which reinforces their joint commitment to placing consumers at the heart of the energy transition.
The MoU will allow them to use Octopus Energy’s flexibility platform, KrakenFlex, and Elia’s energy data affiliate, re.alto, to use customer appliances such as electric vehicles (EVs) and heat pumps to balance the grid and help support the shift to a renewable energy system.
- The development of consumer-centric energy services will support the shift to an energy system in which consumption patterns follow the intermittent production of renewables
- The agreement aims to offer more innovative solutions to consumers and unlock the flexibility offered by end-use appliances such as electric vehicles (EVs) and heat pumps, so consumers can help to balance the electricity grid
- The agreement was signed in Glasgow at this year’s UN Climate Change Conference (COP26)
- One of the goals of COP26 focuses on accelerating ‘action to tackle climate change through collaboration between businesses, civil society and governments’