Ningde Times signed a memorandum of strategic cooperation with Octopus Energy and Xinnengan

Recently, Octopus Energy, Britain's largest energy company, signed a memorandum of strategic cooperation (MoU) with Ningde Times .

The three parties will jointly explore smart household energy storage solutions for the European market. This is an extension of Octopus Energy and Ningde Times in the household energy scenario following the European heavy truck power exchange cooperation in June this year. The signing of this contract

focuses on two areas of cooperation:

01 division of labor among software, hardware and channels to accelerate the landing

of European home storage, relying on the technology and supply chain collaboration of the Ningde era. Xinnengan is responsible for the R & D and manufacturing of battery core, BMS and energy storage system . Octopus Energy relies on European terminal channels to introduce intelligent dynamic tariff algorithm and virtual power plant (VPP) access services, and the three parties give priority to the layout of the UK, France, Spain and other markets.

02 Take household energy storage as the node, open the whole scene collaboration

, take smart home storage as the core, cooperate through roof photovoltaic, smart charging, vehicle-to-network (V2G) and virtual power plant and other fields, transform household energy storage assets into intelligent dispatching grid nodes, reduce household electricity consumption costs, and promote household electricity consumption. At the same time, it will enhance the flexibility and resilience of the European power grid.

From commercial heavy trucks to millions of households, Octopus Energy and Ningde Times will explore and launch joint brand home energy solutions to benefit European families with battery technology.