Tag: Octopus Energy

Octopus Energy unveils next stage in smart heat revolution at Energy Tech Summit

Stuart Mitchell

Octopus Energy CEO Greg Jackson today launched the smart heating system Cosy Octopus* with the vow: “This paves the way to heat pumps for everyone.” Jackson launched the heating system at the WIRED & Octopus Energy Tech Summit in London. It will be available from December. It consists of the ‘Cosy 6’, Octopus’ new heat pump; ‘Cosy Hub’, a home controls system; ‘Cosy Pods’, room sensors; a bespoke smart tariff; and the award-winning Octopus 5-star service.   ‘Cosy Octopus’ is free for homes that don’t need any work to fit the…

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Octopus Energy backs global offshore wind developer

Stuart Mitchell

Octopus Energy’s generation arm announces its investment in Deep Wind Offshore, an international offshore wind developer with a pipeline of projects in Norway, Sweden, and South Korea. All three countries have vast wind resources and strong governmental support for offshore wind. The company is aiming to build 10 GW of new offshore wind by 2032, with 2 GW exclusively developed in South Korea. Deep Wind Offshore was founded in Norway and is backed by leading Norwegian shipping and energy companies Knutsen OAS, Haugaland Kraft, and Sunnhordland Kraftlag. Since launching in…

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Octopus Energy finds brokers negatively impact over 3 million small businesses

Stuart Mitchell

Transparency about level of commissions, a commission cap and an end to cold calls, are some steps that could be taken to bring the spiralling energy broker market under control, a new report by Octopus Energy for Business reveals. The report – Small businesses in the dark: Energy brokers and the hidden scandal in energy prices – paints a disturbing picture of the prevalence of this behaviour, at a time when everything should be done to bring down energy bills. This comes as new data shows 3.2 million small businesses…

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Octopus launches Power-ups, free energy when the sun shines and the wind blows

Stuart Mitchell

Energy and technology company Octopus Energy has teamed up with UK Power Networks, the country’s largest electricity distribution network operator, to offer households free energy to help the grid exploit excess renewable power. Participating customers will get free electricity when there is excess electricity on the local grid from abundant renewables. Based on UK Power Networks’ forecasts, Octopus will send customers a notification of the times they can ‘Power-ups’ their homes for free a day in advance. In recent years, the transmission grid has begun to face challenges of imbalance…

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Kimberly-Clark Goes Green in North Wales with Renewable Energy for Tissue Manufacturing

Stuart Mitchell

HYRO takes another step toward helping energy-intensive businesses by seeking consent for its first green hydrogen project at parent company of Huggies®, Andrex® and Kleenex® HYRO – a joint venture between RES and Octopus Energy Generation – has submitted a planning application to Flintshire County Council for its Coleshill Green Hydrogen Project. The scheme is one of two projects located on existing Kimberly-Clark sites which aim to assist the roll out of this reliable, and cost-competitive source of power for industrial businesses. The Coleshill Green Hydrogen Project comprises a Green…

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