Overview
London, 20th December 2023 – Kraken, the fastest growing software provider for the energy industry globally, today announces the acquisition of 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.
Sennen’s software compliments this offering; using 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 its flexibility division to develop more innovative products and services. It will also allow both Sennen and Kraken to serve even larger renewables portfolios.
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.
Players in asset management have traditionally relied on legacy systems, lacking the bleeding edge tech that modern renewable energy operations demand. Sennen’s in-depth maintenance and analytics platform supports 1000s of sites including offshore wind farms, solar farms and grid scale batteries.
Sennen will continue to retain and actively maintain all software functionality. The complete Sennen team will transition to Kraken, maintaining current roles and ensuring a smooth client experience in terms of continuity of service and personnel. All in-progress and planned implementations will proceed as scheduled. Over the next 12 months, the Sennen brand will gradually be harmonised with Kraken.
“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.”
Devrim Celal, CEO of Kraken
“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.”
Gaby Amiel, CEO of Sennen Tech
Sennen was advised by Roxburgh Milkins who are based in Bristol.
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. It is a 24-strong team, mostly based in Bristol, UK. Clients include leading renewable energy companies RWE and EDF Renewables and investment manager Foresight Group.
