Octopus Vitality was arrange 5 years in the past with a mission to drive the inexperienced power revolution globally, sooner and cheaper than anybody imagined.
Powered by our know-how Kraken and a relentless focus to drive the sensible grid applied sciences that’ll ship cheaper inexperienced electrical energy to gasoline our houses, companies, vehicles and heating, I’ve been proud and excited to see our enterprise develop and develop, as our whole-system strategy to the inexperienced revolution more and more turns into a part of world conversations in regards to the renewable revolution.
Now with over 2 million prospects within the UK (3.6m accounts), operations within the UK, USA, Australia, New Zealand, Germany and Japan, and over 13 million accounts contracted globally onto our platform by different corporations, I’m humbled and delighted to jot down now in regards to the newest stage in our mission to ship a less expensive, greener world of power.
At this time Octopus Vitality Group broadcasts the acquisition of our sister firm Octopus Renewables (OR), a sport altering alternative to convey the retail and the technology aspect of power collectively underneath one roof (effectively, assuming we sooner or later return to places of work).
OR (to be renamed Octopus Vitality Era) are a specialist clear power investor with a various portfolio of belongings holding capability of over 2.8GW. With greater than 300 tasks throughout six nations, OR are one of many largest industrial photo voltaic buyers in Europe and a number one investor in onshore wind.
A digital tour of Octopus Vitality Era websites
We entered the power market in 2016 to supply power that’s good for the planet, good in your pockets, and good in your soul. Driving the transition to inexperienced power is essential to that – we began our journey by providing 100% inexperienced electrical energy (and offset gasoline) in 2017.
Since then, we’ve doggedly added to our combine, spearheaded paying native communities for his or her technology with our three way partnership with specialists Co-op Midcounties, and continued to unlock the facility of the sensible meter by matching low cost power with occasions of plentiful electrons – with modern tariffs like Agile Octopus, Octopus Go, Octopus Outgoing and most not too long ago the ‘Fan Membership’ – the primary tariff that will get cheaper as wind accelerates
However our ambitions go even additional than that. To speed up the worldwide shift to renewable power, we wish extra management over renewable technology so we are able to take cheaper inexperienced electrons on to our prospects.
By immediately working an enormous fleet of photo voltaic and wind technology, we’ll more and more be capable of use our massive information and scalable know-how to ship cheaper electrical energy, sourced regionally, when the wind’s blowing and the solar’s shining.
There’s an unbelievable proficient workforce at Octopus Vitality Era and we’re delighted to be working with them to remodel all the power lifecycle, make each inexperienced electron matter, and ship the inexperienced power transition sooner and cheaper for everybody.
To drive actual world change in power, we’re aiming to provide 100 million prospects by way of our personal model and with our license companions.
Bringing the Octopus Renewables household – and its vastly proficient workforce and buyers – into the Octopus Vitality fold will allow us to match the ambitions now we have in power retail and know-how with related ambitions to assist drive world development in renewable technology.
I’m so excited to get on with it.