SolarEdge Partners with Kraken to Unlock Low-Cost Green Energy for Battery Users
Portfolio Pulse from Benzinga Newsdesk
SolarEdge Technologies (NASDAQ: SEDG) has partnered with Kraken Technologies to provide low-cost, green energy solutions for SolarEdge Home Battery customers. The integration will allow customers to charge batteries with cheap, clean energy and sell energy back to the grid, starting with Octopus Energy customers in the UK and Texas, U.S.
July 25, 2024 | 9:01 am
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SolarEdge Technologies has announced a strategic partnership with Kraken Technologies to integrate SolarEdge batteries into Kraken's energy platform. This will enable customers to charge batteries with cheap, clean energy and sell energy back to the grid, starting with Octopus Energy customers in the UK and Texas.
The partnership with Kraken Technologies is likely to enhance SolarEdge's market position by offering innovative energy solutions. This could lead to increased adoption of SolarEdge products, particularly in the UK and Texas, boosting revenues and market share.
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