Tag: Octopus Energy

Watt did you say? Octopus Energy launches Free Elec Sesh

Stuart Mitchell

Octopus Energy is charging up the savings game with its new ‘Free Electricity Sessions’, giving customers free extra electricity when the grid is at its greenest. Starting today, customers who are signed up to the ‘Octoplus’ rewards scheme can revel in cost-free electricity when the wholesale price of electricity drops significantly or goes negative. UK renewables are at a record high, and in the past year alone there were 14 days where electricity prices dropped below £0 due to excess renewable energy being generated. During these times, wind farms are…

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Energy Giants launch Electrify Britain to drive down UK’s bills and emissions

Stuart Mitchell

EDF and Octopus Energy, two of the UK’s largest energy providers, have joined forces to launch Electrify Britain, a pioneering campaign organisation dedicated to significantly reducing energy bills, reducing climate emissions and driving economic growth through replacing gas, diesel and petrol with widespread electrification. Electrifying Britain’s home heating, transport and local communities presents a golden opportunity to cut energy bills. Electrified homes that use heat pumps can save hundreds of pounds compared to gas boilers and EVs are already £1,000 cheaper to run annually compared to petrol vehicles.  Electrification is…

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UK’s largest electricity company Octopus Energy makes its first push into US renewables market

Stuart Mitchell

The UK’s largest electricity supplier Octopus Energy has made its first investment in US renewables, as it gears up its activities in the market with the target of investing $2 billion in generation projects by 2030. The fully integrated global energy tech giant is kicking off its market entry with the acquisition of two new solar farms – one in Ohio and another in Pennsylvania. The projects have a combined capacity of 100 MW, enough clean energy to power 20,000 homes – equivalent to removing 36,000 petrol-guzzling cars from roads.…

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Zopa enters £23 billion renewable energy market with Octopus Energy deal

Stuart Mitchell

Zopa Bank has entered the UK’s £23 billion renewable energy market, making its suite of fully regulated BNPL and retail finance products available to Octopus Energy customers across the UK. The deal will see Zopa finance the purchase and installation of Octopus solar panels for the energy giant’s millions of UK customers, spread out in up to 84 installments over 7 years. Octopus is the UK’s largest electricity supplier. Climate change and high energy bills have increasingly encouraged households to turn to solar energy as a cheap, renewable source of…

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Octopus Energy backs tech disruptor to turbocharge floating offshore wind farms globally

Stuart Mitchell

Floating offshore wind farms across the world are to get cheaper and faster to build following an investment by Octopus Energy’s generation arm into Ocergy. Ocergy is disrupting the floating offshore wind market with an innovative approach to designing and manufacturing floating foundations, drastically reducing the time and cost of building them. Ocergy, which is headquartered in the US and has operations in France, is pioneering a hyper-local supply chain approach, working with local manufacturers and creating green jobs in the areas where the turbines are installed. Further efficiencies are…

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