‘Future looks worse’ for wind curtailment
The UK’s largest renewable electricity supplier Octopus Energy is using AI to address a hold-up in grid connections as the cost of turning off turbines snowballs to £1 billion.
Octopus Energy
Octopus says it will invest £2bn in UK clean power projects by 2030
Octopus Energy has said it aims to invest £2 billion in UK clean energy projects between now and 2030.
Octopus, RWE among firms eyeing onshore wind farms after ban lifted
Octopus Energy is among a growing number of UK firms eyeing new onshore wind projects in England after the Labour government removed a de facto ban.
EDF, Octopus Energy launch UK electrification campaign
EDF and Octopus Energy have launched a campaign aimed at increasing the electrification of the UK’s economy.
Octopus boss says bills should be lower for those closer to wind farms
Octopus Energy chief executive and founder Greg Jackson has advocated for regional energy pricing to prevent imports.
UK energy firms oppose plans for cheaper deals for new customers
UK energy suppliers and consumer-protection groups are urging the regulator to maintain a ban on cheaper tariffs for new customers that was introduced during the energy crisis to help stabilize the market.
Octopus Energy backs INTOG offshore wind developer
Octopus Energy funds have taken a 40% stake in Simply Blue, a joint venture partner in an experimental floating wind farm off the coast of Aberdeenshire.
Octopus Energy makes strategic investment in US floating offshore wind firm Ocergy
Renewable energy provider Octopus Energy is set to invest in California-based floating offshore wind firm Ocergy.
Big Fans: Octopus expands scheme offering cheap wind power to coastal consumers
Octopus Energy will extend a scheme offering up to half-price electricity to coastal users when nearby offshore wind farms are generating.
Octopus floats £15bn global offshore wind investment by 2030
Octopus Energy plans add to its existing generating portfolio, committing around $20bn (£15bn) in global offshore wind projects by 2030.
UK’s big energy short pays off with £1.2 billion windfall
The UK government is set to make £1.2 billion ($1.4 billion) from a short position it took in power and natural gas markets after seizing control of collapsed supplier Bulb Energy last year.
Net Zero Nudge 03: building efficiency and decarbonisation
The UK must face up to the challenge of heating housing in low carbon ways, or will fail the legally binding 2050 net zero target. There are three main technologies for decarbonising domestic heating – heat pumps, hydrogen boilers and heat networks.
Powering Octopus’ heat pumps with Moroccan sunshine
Octopus Energy has struck a deal to invest in Xlinks, a project that aims to transport renewable energy from Morocco to the UK.
The COP Shop Podcast #3: Reasons to be cheerful
"I want you to stay angry. I want you to stay frustrated. Channel that anger, harness that frustration, keep pushing harder and harder for more because that's what required to meet this challenge.”
Octopus Energy and RES to invest billions in UK green hydrogen plants
Renewable energy firms Octopus Energy and RES have formed a new partnership with the aim of investing billions in green hydrogen.
Energy Institute appoints two industry chiefs to top team
The Energy Institute (EI) has announced two new appointments to its top team.
Octopus Energy reaches £1.5bn valuation amid Japan plans
British challenger energy supplier Octopus has been valued at more than two billion dollars (£1.5 billion) in a new deal which launches its brand in Japan.
Investor interest in renewables increases during pandemic
Half of investors feel renewables have become a more attractive proposition during the Covid-19 crisis, according to a new study.
Innovation and technology can safeguard the UK energy M&A environment
To describe the last few months as a challenging period for the energy sector would be an understatement.
Green energy supplier aims to lead UK’s home power market
Octopus Energy Ltd., the clean energy provider, plans to add millions of new customers this decade on a pace that could soon make it the U.K.’s largest energy supplier.
Failed suppliers, a price cap and the fall of the Big Six
After nine failed suppliers, major takeovers and a price cap on bills, the energy sector has faced another bruising year which seemed to mark, once and for all, the end of the Big Six.
Co-op and Octopus Energy launch renewable community energy joint venture
The Co-op and Octopus Energy have today announced the launch of a new community energy firm.
Octopus reaches its tentacles into community energy
The community energy sector in the UK has had a difficult time in recent years. 2018 saw continued reductions in the Feed-in Tariffs, and then in December 2018 the UK Government announced the closure of the Feed-in Tariff scheme to new applications from 31 March 2019.
UK still ‘most attractive’ for renewable energy investment
The UK is still the "most attractive" place for renewable energy investment, according to a new study.
High street giant to challenge energy providers
High street giant Marks & Spencer is to reboot its energy offering as it looks to challenge Britain's dominant gas and electricity providers.