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

Rhea-AI Summary

Enphase Energy (NASDAQ: ENPH) has announced the integration of its Energy System into Octopus Energy's smart tariffs, including 'Intelligent Octopus Flux' (IO Flux) in the United Kingdom. This integration follows their strategic partnership announced last year for deploying IQ8™ Microinverters and IQ® Battery 5P™.

Through Octopus Energy's Kraken platform, customers can now optimize their Enphase solar and battery systems to access low-cost energy rates. The IO Flux tariff optimizes charging and discharging, with over 40% of customers reportedly profiting from their energy bills through optimal energy export timing.

Octopus Energy, the UK's largest energy provider serving over nine million households, operates in 27 countries. The Enphase Energy System offers enhanced features including more power, resilient communication, and improved commissioning, backed by comprehensive warranties: 25 years for IQ8 Microinverters and 15 years for IQ Batteries in the UK.

Positive

• Integration with UK's largest energy provider expands market reach to over 9 million households
• 40% of IO Flux customers achieve profit on energy bills through optimal export timing
• Partnership enables automatic optimization of energy costs for customers
• Extended warranty coverage: 25 years for microinverters, 15 years for batteries

Negative

• None.

FREMONT, Calif., Jan. 27, 2025 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that the Enphase^® Energy System has integrated into Octopus Energy’s smart tariffs, such as “Intelligent Octopus Flux” (IO Flux), which can save customers money on electricity bills.

Last year, Enphase announced a new strategic relationship with Octopus to deploy IQ8™ Microinverters and IQ^® Battery 5P™ in the U.K. Octopus Energy uses Kraken - its proprietary software platform - to manage, control, and optimize distributed energy resources (DERs), allowing customers to flexibly control Enphase’s solar and battery systems. Many Octopus customers have already integrated this technology to unlock low-cost home energy rates.

Now, Octopus customers with Enphase solar and battery systems can benefit from Intelligent Octopus Flux - a smart import and export tariff. The product optimizes the charging and discharging of solar and battery systems, aiming to provide customers the best rates for consuming and selling electricity.

According to Octopus, more than 40% of IO Flux customers make a profit on their energy bills', getting paid for the energy they export rather than paying for energy import. Octopus customers with Enphase batteries can automatically charge when prices are lowest and export surplus energy during peak times, maximizing savings and supporting grid balance.

"Intelligent Octopus Flux helps customers make the most of their solar panels, optimizing usage in real time to cut bills,” said Nick Chaset, executive vice president at Octopus Energy. “Teaming up with Enphase, renowned for its reliable, top-notch tech, means we can deliver even more value to U.K. homeowners - saving money while building a smarter, greener grid together.”

Octopus Energy is the largest energy provider in the U.K., offering customer service and energy products to more than nine million households. The company has operations in 27 countries and its advanced data and machine learning platform, Kraken, supports more than 60 million customers worldwide.

The third-generation Enphase Energy System with IQ Battery 5P and IQ8 Microinverters offers a significantly improved experience for homeowners and installers because of more power, resilient wired communication, and an improved commissioning experience. Homeowners can also use the Enphase^® App to monitor performance and intelligently manage their systems. Enphase Energy Systems are fully G100-2 compliant to support the latest U.K. Electricity Networks Association requirements for grid connection of solar and battery storage. In addition, Enphase offers 24/7 customer support and an industry-leading warranty for both solar and battery products. This includes a 25-year warranty for all IQ8 Microinverters and a 15-year warranty for all IQ Batteries activated in the United Kingdom.

"This partnership with Octopus Energy represents the next step in our mission to deliver more value to homeowners by combining advanced technology with innovative energy programs,” said Marco Krapels, vice president of worldwide business development at Enphase Energy. “We're excited to work with Octopus on a global scale to provide meaningful wins for homeowners, Octopus, and all ratepayers, ultimately driving a cleaner, more cost-effective energy future."

Enphase Energy is also a participant in the Octopus Energy GridBoost battery program in Texas. For more information about Enphase Energy Systems in the United Kingdom, visit the website. For more information about Octopus Energy, please visit their website.

About Enphase Energy, Inc.

Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power—and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped more than 73 million microinverters, and approximately 4.0 million Enphase-based systems have been deployed in more than 150 countries. For more information, visit https://enphase.com/.

©2025 Enphase Energy, Inc. All rights reserved. Enphase, the “e” logo, IQ, IQ8, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks of Enphase Energy, Inc. in the United States and other countries. Other names are for informational purposes and may be trademarks of their respective owners.

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 9 million households globally. Its operations span 27 countries and the entire energy value chain. The group invests in, builds and flexibly manages renewable energy, operating a £7 billion portfolio of projects.

Octopus has licensed its advanced data and machine learning platform, Kraken, to support over 60 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.

Forward-Looking Statements

This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality and reliability; the availability and market adoption of Enphase Energy’s products in the United Kingdom; and Enphase Energy’s expectations about cost savings on electricity bills and unlocking low-cost home energy rates. These forward-looking statements are based on Enphase’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, or changes in its expectations, except as required by law.

Contact:

Enphase Energy
press@enphaseenergy.com

This press release was published by a CLEAR® Verified individual.

FAQ

What benefits does the Enphase-Octopus Energy integration offer ENPH customers in the UK?

The integration allows customers to optimize charging and discharging of their solar and battery systems, access low-cost energy rates, and potentially profit from energy bills through smart export timing with the Intelligent Octopus Flux tariff.

How many households can ENPH reach through the Octopus Energy partnership?

Through the partnership with Octopus Energy, ENPH can reach over 9 million households in the UK, as Octopus is the country's largest energy provider.

What percentage of Octopus IO Flux customers with ENPH systems make a profit on energy bills?

According to Octopus, more than 40% of IO Flux customers make a profit on their energy bills by selling electricity back to the grid.

What warranty coverage does ENPH offer for its UK products?

ENPH offers a 25-year warranty for IQ8 Microinverters and a 15-year warranty for IQ Batteries activated in the United Kingdom.

How does the Octopus Energy Kraken platform integrate with ENPH systems?

The Kraken platform manages, controls, and optimizes distributed energy resources, allowing customers to flexibly control their Enphase solar and battery systems for optimal energy usage and cost savings.