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COINTURK FINANCE > Business > Kraken Acquires Jedlix to Expand Smart EV Charging Solutions
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Kraken Acquires Jedlix to Expand Smart EV Charging Solutions

Overview

  • Kraken acquires Jedlix to boost smart EV charging capabilities.

  • The acquisition strengthens Kraken's utility solutions and global reach.

  • Kraken transforms Jedlix's Rotterdam site into a tech hub.

COINTURK FINANCE
COINTURK FINANCE 8 months ago
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Kraken, a London-based AI-driven platform, has taken a significant step by acquiring Jedlix, a Rotterdam-based firm specializing in smart EV charging solutions. This acquisition aims to bolster Kraken’s capabilities in offering flexible demand management solutions for utilities. The move also positions Kraken to enhance its services in the realm of electric vehicle charging, aligning with the broader energy digitalization efforts. These developments highlight how Kraken is leveraging technology to create efficient energy solutions while expanding its international footprint.

Contents
The acquisitionKraken: End-to-end platform for energy

In recent years, Kraken has been at the forefront of energy supply chain automation, utilizing advanced data, AI, and machine learning. Historically, the company has collaborated with global energy leaders including EDF Energy, E.ON Next, and Octopus Energy, managing extensive power capacities and numerous consumer devices. This acquisition of Jedlix not only adds to their existing partnerships but also expands their technological capabilities in the Netherlands, building on their success with the UK’s first EnTech superhub in Manchester.

The acquisition

Kraken is further solidifying its position within the utility sector by acquiring Jedlix. This strategic move allows Kraken to offer advanced smart charging solutions, which are integral for utilities managing the growing demand for EV charging. Kraken’s clientele, which includes major energy firms like E.ON Next, EDF Energy UK, and Tokyo Gas, will benefit from the enhanced technology that Jedlix brings, particularly in developing smart tariffs for EV drivers.

Devrim Celal, Kraken’s Chief Marketing & Flexibility Officer, expressed, “Kraken is putting its foot on the accelerator of the EV revolution. The Jedlix team’s proven expertise and development centre in Rotterdam expand our offering and empower our customers to transition to cheaper, cleaner charging.”

The transformation of Jedlix’s Rotterdam facility into a Kraken tech hub marks a significant expansion step following the Manchester superhub, indicating Kraken’s commitment to energy innovation.

Kraken: End-to-end platform for energy

Kraken operates as a comprehensive platform for utility digitalization, optimizing energy supply chains through technology. With its robust AI infrastructure, Kraken automates complex processes, thereby improving efficiency and service delivery. This acquisition enhances Kraken’s capacity to manage a vast array of power resources and consumer devices, furthering its reputation amongst energy giants.

Serge Subiron, CEO of Jedlix, remarked, “Since 2016, Jedlix has been a pioneer in consumer-centric smart and bidirectional EV charging services, aggregating today tens of thousands of electric vehicles and chargers in nine European countries.”

He emphasized the alignment of the acquisition with Jedlix’s mission to provide zero-emission, cost-efficient charging solutions globally, now with the enhanced support from Kraken’s resources and reach.

The acquisition of Jedlix by Kraken is a calculated strategy aimed at integrating smart EV charging solutions into a broader digital utility framework. This move not only enhances Kraken’s technological offerings but also addresses the increasing demand for sustainable energy solutions. As electric vehicle adoption rises, firms like Kraken and Jedlix are pivotal in ensuring that charging infrastructure keeps pace with technological advancements and consumer needs. Going forward, Kraken’s expanded capabilities could play a crucial role in facilitating a transition towards more efficient and eco-friendly energy consumption patterns.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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