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Octopus Energy invests $1B in California clean tech for solar, storage, and carbon removal to support U.S. and UK energy goals.
Octopus Energy Generation is investing $1 billion in California clean tech, focusing on solar-plus-storage, heat batteries, and carbon removal projects to support the UK and US energy transitions.
The investment includes acquiring a solar and battery project expected operational by July 2026, advancing heat battery systems to replace fossil fuel boilers, and backing carbon removal startups restoring grasslands and forests.
The move aligns with California’s 2045 renewable electricity goal and builds on Octopus’s broader $2 billion U.S. clean energy plan by 2030.
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Octopus Energy invierte $ 1B en tecnología limpia de California para energía solar, almacenamiento y eliminación de carbono para apoyar los objetivos energéticos de Estados Unidos y Reino Unido.