KrakenNews · 2024-09-23 00:00

News · 2024-09-23 00:00

Kraken signs Champion Energy Services as its first U.S. client for a five-year deal to license its customer and flexibility platforms.

Kraken has secured a five-year deal with Champion Energy Services, a retail electricity provider, to license its demand flexibility and customer service platforms for residential customers in Texas, with onboarding beginning in 2025.

This agreement marks Kraken's entry into the U.S. retail electricity market and expands its North American presence, demonstrating the growing demand for advanced digital solutions to manage energy consumption and grid stability.

Fast Facts

·Deal type: Licensing agreement
·Client: Champion Energy Services
·Technology provider: Kraken
·Duration: 5 years
·Target market: U.S. residential customers in Texas
·Platform features: Demand flexibility solution, customer service platform, energy management system