Renewable energy retailer Octopus Energy US has announced Intelligent Octopus for EV, a smart rate that will give drivers across Texas cheaper electricity rates when they smart charge their electric vehicles. Customers can now pair their EVs with Intelligent Octopus to automatically find the best, most efficient time to charge and save up to 20% on their monthly home electricity rate.
Intelligent Octopus, which is powered by the company’s proprietary Kraken Technology, is a smart device management feature that rewards customers for helping to balance the grid when the grid is constrained, so long as their device remains connected. This allows Octopus Energy to offer the cheapest electricity rates in the market by unlocking customer flexibility.
Customers can now register and connect their EVs via the company’s mobile app that responds to various grid signals. By letting Octopus Energy smart charge the vehicle, customers will get a discount off their standard electricity rate for their entire household consumption. Customers just need to set their own preferences and Intelligent Octopus will handle the rest.
Already a success in the UK, Intelligent Octopus manages over 100 MW of EV charging power, which surpasses the largest battery on the UK grid. In fact, cars managed by Intelligent Octopus in the UK hold enough energy to power a city of about 300,000 people for a full hour.
Octopus Energy says Intelligent Octopus for EVs is the latest step in its mission to enable a smarter, greener future across the US
