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- Kraken Signs 5-Year Deal with Champion Energy for Texas Market Expansion
Kraken Signs 5-Year Deal with Champion Energy for Texas Market Expansion
Slice of Energy Team
September 26, 2024
Key Highlights:
Kraken partners with Champion Energy for a five-year deal.
Texas residential customers to benefit from Kraken's award-winning energy management system in 2025.
No service disruptions or new fees for Champion’s customers.
Advanced AI and machine learning to enhance grid flexibility.
Expands Kraken’s presence in the North American energy market.
Source: Business Wire
Notable Quote:
“We’re proud to be continuing our momentum in North America and working with a great partner in Champion. Together, our companies are delivering positive, lasting change for customers across Texas. We are showing how intelligent grid solutions significantly improve the way customers consume and manage their energy — without ever compromising ease of use.”
Our Take:
Kraken’s expansion into Texas, in collaboration with Champion Energy, underscores the growing importance of AI-driven energy management platforms in enhancing grid flexibility and customer service. By integrating demand flexibility solutions without additional costs to consumers, Kraken is positioning itself as a leader in utility digitalization. This partnership aligns with broader trends in the energy sector, where intelligent, scalable cloud solutions are key to managing increasing renewable energy sources and addressing grid constraints. Kraken’s ability to seamlessly scale and adapt to different markets gives it a competitive edge as utilities worldwide look to modernize their infrastructure.