Energy industry software provider Kraken is to acquire Sennen, a provider of advanced software for the delivery and operation of large-scale renewable energy generation.
Kraken Technologies is part of Octopus Energy Group.
Its tech platform, Kraken, connects up all parts of the energy system, from customer billing to flexible management of renewable generation and energy devices.
It is also revolutionising service for other utilities such as water and broadband.
Kraken allows for extended analytics, real time monitoring, optimisation and control of energy devices, such as solar and wind generation, batteries, heat pumps and electric cars, and enables companies to drive efficiency and meet important net zero targets.
The Sennen software uses the latest cloud technology to streamline oversight, maintenance and daily operation of renewable energy projects.
Joining forces with Sennen will enhance Kraken’s asset management offering, allowing it to develop more innovative products and services, the latter said.
The acquisition of Sennen will increase Kraken’s contracted energy generation and storage assets sixfold, growing them from 6.5GW to 36GW.
It also marks the first time the platform will be managing offshore wind farms.
Sennen’s 25 employees will move over to the Kraken family and continue to work from their office in Bristol.
Devrim Celal, chief executive of Kraken, said: “This acquisition is a game-changer for us as we continue to disrupt the renewable energy landscape.
“Sennen’s expertise and innovative solutions perfectly complement our mission to provide efficiency and scalability to asset managers.
“We are excited to join forces with Sennen’s talented team to turbocharge the move to a cleaner, cheaper energy world.”
Gaby Amiel, chief executive of Sennen Tech, (pictured) added: “Our energy system needs to be completely rethought and rewired in order to operate free from fossil fuels.
“With renewable energy capacity set to triple globally, Sennen’s focus on meeting the challenges faced by renewable project owners will be of increasing importance.
“Kraken is at the absolute vanguard of the energy transformation.
“Together, we have the technology to unlock tremendous value for our customers.”