Tag: Octopus Energy

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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Octopus Energy to unleash $20bn of investment in offshore wind by 2030

Stuart Mitchell

Octopus Energy’s generation arm, which manages $7.7bn (£6bn) billion worth of green energy projects globally, today announces plans to unleash $20bn (£15bn) of investment into offshore wind by 2030. This will go towards the generation of 12 GW of renewable electricity capacity, enough power for 10 million homes. Octopus is targeting projects across the globe, with a focus on Europe – and already has several deals in the pipeline. It will back developers of new offshore wind farms as well as wind farms that are under construction or operational. The…

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Octopus Energy and Legal & General make Britain’s biggest investment in ground source heat pumps

Stuart Mitchell

Octopus Energy’s generation arm and Legal & General Capital are turbocharging Britain’s heat pump rollout by investing £70 million in the country’s leading manufacturer and installer of ground source heat pumps, The Kensa Group. This marks the biggest investment ever made in ground source tech in Britain. It will allow Kensa to rapidly expand and install 50,000 ground source heat pumps a year by 2030. The move will drive down costs of heat pumps and reduce reliance on polluting gas boilers. The UK is targeting 600,000 heat pump installations a…

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Octopus Energy reaches tentacles further into Asia with £1.5 billion investment in renewables and energy tech

Stuart Mitchell

Octopus Energy announces its commitment to invest £1.5 billion in the Asia-Pacific energy market by 2027, helping speed up the region’s transition to a cleaner, smarter energy system. The global energy and technology group is planning to invest £1.2 billion into solar and wind generation in the region, with half of the money going into Japanese renewables. Doubling down on its existing Asian headquarters, Octopus is committing a further £300m to expand its tech innovation and energy retail hub in Tokyo. This will enable the business to increase its headcount…

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