Recently, the UK's largest energy company Octopus Energy, Xinnengan, and Ningde Era signed a memorandum of strategic cooperation. The three parties will jointly explore smart home energy storage solutions for the European market. This is an extension of the household energy scene between Octopus Energy and the Ningde era, following the European heavy truck power exchange cooperation in June of this year. According to reports, the signing focuses on two collaborations. On the one hand, relying on technology and supply chain collaboration in the Ningde era, Xinnengan is responsible for R&D and manufacturing of batteries, BMS, and energy storage systems. Octopus Energy relies on European terminal channels to introduce intelligent dynamic electricity pricing algorithms and virtual power plant access services, and the three parties prioritize markets such as the United Kingdom, France, and Spain. On the other hand, with smart home storage as the core, cooperation penetrates fields such as rooftop photovoltaics, smart charging, vehicle-to-grid, and virtual power plants to transform household energy storage assets into grid nodes that can be intelligently scheduled, reduce household electricity costs, and enhance the flexibility and resilience of European power grids.

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