Kraken Technologies, part of Octopus Energy Group and a fast-growing software provider for the global energy industry, has acquired Bristol firm Sennen.
Sennen is a provider of advanced software for the delivery and operation of large-scale renewable energy generation.
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.
It allows for extended analytics, real-time monitoring, optimization 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 acquisition of Sennen will increase Kraken’s contracted energy generation and storage assets sixfold, growing them from 6.5 GW to 36 GW. It also marks the first time the platform will be managing offshore wind farms.
Sennen’s 25 employees will move over to Kraken Technologies and continue to work from its office in Bristol.
“This acquisition is a game-changer for us as we continue to disrupt the renewable energy landscape,” said Devrim Celal, CEO of Kraken.
“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.”
Sennen was founded by Gaby Amiel and Paul Grimshaw in 2017 with the aim of creating high performance software specifically for managing renewable energy assets. Clients include leading renewable energy companies RWE and EDF Renewables and investment manager Foresight Group.
CEO Amiel commented: “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 technology enabling the energy transformation. Together, we have the technology to unlock tremendous value for our customers.”