Tag: Octopus Energy

German ‘Energiewende’ gets a boost with Octopus Energy renewables investment

Stuart Mitchell

Octopus Energy’s generation arm invests in renewables developer Lintas Green Energy in a move to turbocharge Germany’s energy revolution, bringing bills down for customers while driving net zero. The deal sees Octopus’ Sky fund (ORI SCSp) take a 50% stake of Lintas Green Energy, an Oldenburg-based experienced and fast-growing green energy developer to accelerate their growth across the country. The investment will help build new wind and solar farms, targeting 1 GW by 2030 – enough clean energy to power 370,000 German homes. Lintas has already built green energy projects…

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Octopus Energy and Salzgitter Group partner to slash steel emissions with the power of the sun

Stuart Mitchell

Octopus Energy’s generation arm and Salzgitter Group, one of Germany’s leading steel and technology groups, are joining forces to radically decarbonise steel production in Germany using the power of the sun. The agreement will see Octopus – which manages a €7bn portfolio of green energy projects – supply Salzgitter with 126,000 MWh of clean electricity per year from the Schiebsdorf solar farm in Brandenburg. The deal between the two companies supports Salzgitter’s pioneering low CO2 steelmaking programme. This aims to reduce carbon emissions of Germany’s steelmaking sector, currently responsible for…

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Octopus Energy and Gett spark EV charging partnership for London’s iconic black cabs

Stuart Mitchell

Gett, a leading UK black cab app, and Octopus Energy announce a partnership to bring easy electric vehicle (EV) charging to over 4,000 iconic electric taxis in London. Available from today, the offer includes charging discounts and credits, as well as reduced prices on home charging equipment for cab drivers on the Gett platform. Octopus’ award-winning EV charging platform – Octopus Electroverse – is already integrated with most charge point brands in the capital. As part of this latest tie-up, taxi drivers will get exclusive discounts when they charge up…

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Octopus invests £200m into Deep Green’s pioneering data centre heat re-use technology

Stuart Mitchell

Octopus Energy’s generation arm today announces a £200 million investment in London-based tech disruptor Deep Green to help it rapidly scale its groundbreaking technology across the UK. Processing data generates a lot of heat. The revolutionary business model pioneered by Deep Green means this heat doesn’t go to waste and instead is used to provide free heat for energy-intensive organisations like leisure centres. By teaming up with Deep Green, a public swimming pool in Devon was able to slash its pool heating bill by over 60%. In return, Deep Green…

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$800m investment to accelerate Octopus Energy’s global clean energy growth

Stuart Mitchell

Octopus Energy Group, the UK’s largest power supplier* and the owner of the Kraken technology platform, announces $800m (£625m) additional investment from its existing shareholders. This new investment values the private company at $7.8bn (£6.2bn), a 60% increase since its previous investment round in December 2021. Australian and Japanese giants Origin Energy and Tokyo Gas, one of the world’s largest pension funds, Canada Pension Plan Investment Board (CPP Investments), and sustainability-focused investors, Generation Investment Management are all participating in this round. Greg Jackson, Founder of Octopus Energy Group, said: “Octopus…

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