Octopus Energy and RES boost UK green hydrogen economy with £3 billion investment

Octopus Energy and RES are to build green hydrogen plants across the UK in a partnership that will see £3 billion of investment by 2030 and enable industrial businesses to switch to green hydrogen at no extra cost.
Octopus Energy and RES boost UK green hydrogen economy with £3 billion investment
Courtesy of NREL

Leading renewable energy firms Octopus Energy and RES have announced a new partnership aiming to turbocharge the UK’s hydrogen economy by investing £3 billion to build new green hydrogen plants across the country by 2030.

The partnership will deliver a home-grown, reliable and cost-competitive source of clean hydrogen that is insulated from present and future gas price volatility and aims to accelerate the decarbonisation of industrial businesses.

Octopus Renewables, which is part of Octopus Energy Group’s generation arm, and RES will use their collective expertise and capital to develop, own and operate new green hydrogen plants fuelled by clean, renewable energy.

The aim of the partnership is to make the most of green electrons when they are generated in abundance on sunny and windy days by storing them as green hydrogen, helping the UK become more energy independent.

It will work with large industrial businesses who want to be leaders in decarbonisation. And it will support the government’s ambition for a green-led recovery, creating new high skilled jobs which contribute to levelling-up and position the UK as a leader in low-carbon innovation.

The UK government released its hydrogen strategy in August, calling for low-carbon hydrogen production and use to be ramped up over the coming decade to help get to net zero. The partnership responds to that call. 

Octopus Renewables manages more than 300 solar, onshore wind and biomass projects worth over £3.4 billion. In July the company joined the Octopus Energy Group, bringing the supply and the generation side of energy together under one roof. RES is the world’s largest independent renewable energy company. At the forefront of the renewables industry for the last 40 years, RES has delivered 22 GW of generation capacity across the globe.

“The supply of green hydrogen will be critical to the success of many industries in meeting the UK’s net zero targets and with this partnership we are providing a solution for those businesses to help deliver on the government’s ambitions” said Octopus Renewables Co-Head, Alex Brierley. “We invite industrial businesses that are currently using hydrogen to contact us and benefit from the early mover advantage”.

Rachel Ruffle, EMEA CEO for RES added that renewable based electrification using wind and solar is the fastest way to decarbonise and that when coupled with the production of green hydrogen, it becomes the natural choice for industry and hard to abate sectors.

“Our partnership will enable industrial users to make the switch to reliable and cost-effective green hydrogen” said Ms Ruffle.

For additional information:

Octopus Energy


Tags: Solar
Add a comment
Lisa Bennett
Hi everyone... Am so excited to share my testimony of a real spell caster who brought my husband back to me. My husband and I have been married for about 6 years now. We were happily married with two kids, a boy and a girl. 3 months ago, I started to notice some strange behavior from him and a few weeks later I found out that my husband is seeing someone else. He started coming home late from work, he hardly cared about me or the kids anymore, Sometimes he goes out and doesn\'t even come back home for about 2-3 days. I did all I could to rectify this problem but all to no avail. I became very worried and needed help. As I was browsing through the Internet one day, I came across a website that suggested that Dr. Wale can help solve marital problems, restore broken relationships and so on. So, I felt I should give him a try. I contacted him and told him my problems and he told me what to do and I did it and he did a spell for me. 48 hours later, my husband came to me and apologized for the wrongs he did and promised never to do it again. Ever since then, everything has returned back to normal. My family is living together happily again.. All thanks to Dr. Wale If you have any problem contact him and I guarantee you that he will help you. He will not disappoint you. you can WhatsApp him +1(978) 406-9575 or Email him at : everlastingspellcast@gmail.com or view his website for more review https://everlastingspellcaster.website2.me/contact
Baterías con premio en la gran feria europea del almacenamiento de energía
El jurado de la feria ees (la gran feria europea de las baterías y los sistemas acumuladores de energía) ya ha seleccionado los productos y soluciones innovadoras que aspiran, como finalistas, al gran premio ees 2021. Independientemente de cuál o cuáles sean las candidaturas ganadoras, la sola inclusión en este exquisito grupo VIP constituye todo un éxito para las empresas. A continuación, los diez finalistas 2021 de los ees Award (ees es una de las cuatro ferias que integran el gran evento anual europeo del sector de la energía, The smarter E).