KrakenFlex operates in the energy sector, providing a cloud-based Distributed Energy Resources Management System (DERMS) that allows asset owners, energy traders, and electricity retailers to control and optimize their distributed energy resources (DERs) in real-time. The company serves a diverse range of clients, from large-scale storage and generation facilities to residential homes and electric vehicles. KrakenFlex's software solution integrates with various DERs, enabling clients to participate in both ancillary and wholesale market trading activities. This includes high-demand markets such as Within Day Trading, Frequency Response, the Balancing Mechanism, and Dynamic Containment. The business model is based on providing software-as-a-service (SaaS), generating revenue through subscription fees and possibly transaction-based fees for market activities. KrakenFlex's platform enhances the financial and physical performance of energy assets, offering sub-second response times and comprehensive monitoring capabilities.

Keywords: DERMS, energy trading, asset optimization, real-time control, cloud software, ancillary services, wholesale market, frequency response, dynamic containment, SaaS.