Enphase Energy Announces Technology Integration into Octopus Energy Smart Tariff Program in the United Kingdom

Core Insights - Enphase Energy has integrated its energy systems with Octopus Energy's smart tariffs, specifically the "Intelligent Octopus Flux," which aims to reduce electricity costs for customers [1][3][4] - The partnership allows Octopus customers with Enphase solar and battery systems to optimize energy usage and maximize savings by charging during low-price periods and exporting surplus energy during peak times [2][4][5] Company Overview - Enphase Energy is a leading global supplier of microinverter-based solar and battery systems, having shipped over 73 million microinverters and deployed approximately 4 million systems in over 150 countries [8] - The company offers a third-generation energy system featuring IQ8 Microinverters and IQ Battery 5P, which enhances user experience through improved power management and communication [6] Partnership Details - The collaboration with Octopus Energy is part of Enphase's strategy to deliver more value to homeowners by combining advanced technology with innovative energy programs [7] - Octopus Energy, the largest energy provider in the U.K., serves over nine million households and operates in 27 countries, utilizing its Kraken platform to manage distributed energy resources [5][11] Customer Benefits - More than 40% of customers using the Intelligent Octopus Flux tariff reportedly profit from their energy bills by selling excess energy instead of paying for imports [4] - The integration of Enphase systems allows for real-time optimization of energy usage, contributing to a smarter and greener energy grid [5][6]