https://www.birminghammail.co.uk/news/cost-of-living/octopus-says-150000-customers-getting-29170303
150,000 EV batteries are combined into a virtual power plant via Octopus Energy’s proprietary technology platform, Kraken.
Octopus Energy has announced the UK’s most popular electric vehicle (EV) tariff, Intelligent Octopus Go, now manages a combined 1 gigawatt (GW) worth of EV batteries. 150,000 EV batteries are combined into a virtual power plant via Octopus Energy’s proprietary technology platform, Kraken.
1 GW of capacity is equivalent to the amount of electricity needed to power both Birmingham and Leeds on a typical evening. The number of customers on the tariff has increased five-fold in the last year alone – with over 150,000 drivers now choosing it. It is one of the UK’s cheapest EV tariffs and can save customers £600 per year when compared to charging on a standard variable tariff, or £1660 per year versus a petrol car.
Over 250,000 EVs are now on Octopus smart tariffs, the energy firm – which is rivalled by the likes of OVO, EDF, EON Next, British Gas and more – said. Alex Schoch, Head of Flexibility at Octopus Energy, said in a statement: “We’re seeing a paradigm shift in global energy – moving from dumb to smart systems that dynamically manage energy demand and supply in an Uber-style fashion.