Highlights
- Firms sign agreement to speed up Brazil's energy revolution
- Octopus to roll out Kraken in Brazil in partnership with Energisa
- Deal marks Octopus Energy Group's first move into South America
- Comes as Octopus looks at retail opportunities in the region
Leading energy and technology group, Octopus Energy Group, partners with Energisa Group, a prominent electricity and gas utility in Brazil, to advance the energy revolution in South America's biggest country.
Designed to rapidly deploy cheap, green renewables at scale across Brazil, the partners will take a three-pronged approach - focusing on knowledge transfer, tech licensing and potential joint ventures.
Octopus is a global energy and technology company that aims to drive the affordable, green energy system of the future through its retail brand, its investments in renewables and its proprietary technology platform, Kraken.
Kraken has become the fastest growing energy software in the UK. The AI-enabled tech platform connects all dots of the energy value chain - from usage and industry data to weather forecasts - accelerating the rollout of smart energy products whilst ensuring smooth integration of assets like wind farms, solar and batteries.
The market-leading platform also greatly reduces costs for suppliers and improves customer service levels. It is now contracted to serve over 54 million energy accounts across the world and manage over 38 GW across 180,000 green energy assets in 12 countries.
Energisa is one of Brazil's largest energy companies, serving over 8.5 million customers across twelve states. It is also a global leader in microgrid technology and has pioneered renewables-only systems in Amazonian villages such as Vila Restauração, freeing communities from their dependence on dirty and expensive fossil fuels.
Through "(re)energisa", the company's innovative energy solution brand, Energisa Group holds 363 MWp of installed power in distributed solar generation and 93 operational plants in five states of Brazil and 71 MWp of centralised solar generation.
Following the transfer of tech expertise, market insights and best practice examples, the companies will work together to optimise the management of Energisa's batteries as well as solar farms, unlocking efficiencies whilst delivering greatly better service to customers.
As a final step, the companies will explore the viability of potential joint ventures for Brazil which may include launching an energy retail business, bringing Octopus' popular EV charging roaming services Electroverse' to the country and exploring different flexibility market models.
Over 600,000 Brazilians are still without access to electricity, while one in ten (11%) of them are classified as living in energy poverty*, meaning millions could benefit from innovation in the energy industry.
Greg Jackson, Founder of Octopus Energy Group, comments: "Octopus Energy and Energisa are linking up to learn from each other, especially how cutting-edge tech can benefit Brazil and how to drive sustainable solutions in rural communities.
"This is a massive opportunity and can serve as a blueprint for similar countries and places with high fuel poverty. Through a combination of methods, our budding partnership will help build the future green energy system in South America - with world-class efficiency and customer service at the heart."
Ricardo Perez Botelho, CEO of Energisa, comments: "We are excited to celebrate this strategic partnership with Octopus Energy. This agreement represents not only a collaboration between companies, but a joining of efforts towards a greater goal: driving the energy transition and bringing access to energy to communities that do not yet have it.
"Together, we are committed to exchanging knowledge, exploring new business opportunities, and making a difference, promoting a more sustainable and inclusive future for the Brazilian people".
*The multidimensionality of energy poverty in Brazil: A historical analysis, December 2022, Paula Bezerra et al
Press Contacts
Octopus Energy Group
About Kraken
Kraken Technologies offers a best-in-class end-to-end platform for energy supply, and is operating in the UK, Japan, US, New Zealand, Australia and most of mainland Europe. Kraken's proprietary platform is contracted to serve 54 million customer accounts across the globe through licensees. Its first client was Octopus Energy where Kraken manages 7.7 million retail customers globally and over 60,000 business customers (the largest of which is Arsenal FC).
Based on advanced data and machine learning capabilities, Kraken automates much of the energy supply chain to allow outstanding service and efficiency as the world transitions to a decentralised, decarbonised energy system. Kraken's flexibility arm is currently contracted to manage over 36 GW across 130,000 green energy assets in 12 countries.
Kraken Technologies is part of Octopus Energy Group and was developed to enable select third parties to take advantage of the technologies developed by Octopus Energy. It has already been licensed by major global players including Origin Energy, E.ON and EDF. https://kraken.tech/
About Octopus Energy Group
Octopus Energy is a global clean energy tech business, driving the affordable, green energy system of the future. Under its own retail brand, Octopus delivers world-class customer service and cutting edge energy products to 7.7 million households globally.
Its operations span 18 countries and the entire energy value chain. The group invests in, builds and flexibly manages renewable energy, operating a £7 billion portfolio of projects - one of Europe's largest.
Octopus has licensed its advanced data and machine learning platform, Kraken, to support over 54 million customer accounts worldwide through licensing deals with companies such as EDF, E.ON and Origin Energy.
Kraken enables Octopus to drive the electrification of heat and transport through smart tariffs and innovative cleantech. Backed by pension funds, investors and energy giants, Octopus Energy Group businesses deliver cheaper, greener energy and cutting-edge tech to countries and customers worldwide.
For more information, check out our website.
Find out Energisa Group
With 119 years of history, Energisa is one of the largest private groups with national capital in the Brazilian electricity sector. We are an ecosystem of products and services aimed at driving energy transformation, connecting people and companies to the best energy solution and building a more sustainable world.
Our portfolio covers 9 electricity distributors, 12 transmission concessions, a centralized photovoltaic generation plant, an innovative energy solution brand - (re)energisa -, which has one of the largest photovoltaic distributed generation parks in the country, in addition to energy trading on the free market and value-added services. We also have a shared services center, a contact center company to serve our customers and the fintech Voltz, the first in the segment of public energy service companies. We recently diversified our portfolio with the inclusion of natural gas distribution, through the acquisition of ES Gás and a project, under construction, to generate biomethane from solid waste.
We transform energy into comfort and development for more than 20 million people in 875 municipalities in all regions of the country and generate more than 20 thousand direct and indirect jobs.
Energisa Group | (re)energisa
Energisa Group - through (re) energisa' an innovative energy solution brand - ended February 2024 with 363 MWp of installed power in distributed generation and 93 operational plants in the states of Minas Gerais, Mato Grosso, Mato Grosso do Sul, São Paulo and Rio de Janeiro, Brazil. (re)energisa's investments amounted to R$ 936 million in 2023, of which R$ 915.1 million were allocated to distributed generation. For 2024, the company estimates an investment of R$430 million for the renewable energy sector. The brand also reaffirms its commitment to reaching 530MWp by 2026.
