Octopus Energy extends arms into South America with Energisa partnership
Image: Energisa
Octopus Energy Group is partnering with Brazil’s Energisa to deploy its Kraken energy management platform in that country.
A first in the region for Octopus as its arms expand their reach, the partnership, which is ultimately aimed towards the rapid deployment of green renewables at scale across Brazil, has a three-pronged approach focusing on knowledge transfer, technology licensing and potential joint ventures.
Energisa, one of Brazil’s largest energy companies, serves over 8.5 million customers across twelve states and has been a pioneer in the delivery of renewables-based microgrids for remote communities in Amazonia.
Through its ‘(re)energisa’ brand Energisa Group holds 363MWp of installed power in distributed solar generation and 93 operational plants in five states of Brazil and 71MWp of centralised solar generation.
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The first stage of the partnership is focused on the transfer of technology expertise, market insights and best practice examples.
Thereafter, the companies will work together to optimise the management of Energisa’s batteries as well as solar farms aimed at unlocking efficiencies while delivering greatly better service to customers.
After that, the companies intend to explore the viability of potential joint ventures for Brazil, possibly including launching an energy retail business utilising Octopus’ ‘Electroverse’ EV charging roaming services and exploring different flexibility market models.
“This agreement represents not only a collaboration between companies, but a joining of efforts towards a greater goal: driving the energy transition and bringing access to energy to communities that do not yet have it,” says Ricardo Perez Botelho, CEO of Energisa.
“Together, we are committed to exchanging knowledge, exploring new business opportunities, and making a difference, promoting a more sustainable and inclusive future for the Brazilian people.”
For his part, Greg Jackson, founder of Octopus Energy, says the companies are linking up to learn from each other, especially how cutting-edge technology can benefit Brazil and how to drive sustainable solutions in rural communities.
“This is a massive opportunity and can serve as a blueprint for similar countries and places with high fuel poverty. Through a combination of methods, our budding partnership will help build the future green energy system in South America – with world-class efficiency and customer service at the heart.”
Over 600,000 Brazilians lack access to electricity, while over a tenth are classified as in energy poverty, meaning millions could benefit from innovation in the energy industry.
