Building on the first Joint Economic and Trade Committee (JETCO) in seven years, the partnership aims to dramatically reduce the cost of wind energy in the UK, making renewable power even more affordable.
As part of the agreement, Octopus will explore the implementation of software to create the highest levels of data protection and cyber security in combination with Ming Yang’s cutting-edge offshore and onshore wind turbines.
In addition, Octopus Energy Generation, the renewables arm of Octopus Energy, plans to deploy Ming Yang’s wind turbines to unleash the development of up to 6 GW of local energy capacity identified through Octopus’s match-making platform ‘Winder’.
Designed to speed up the development of onshore wind farms, ’Winder’ connects wind-enthusiastic communities with landowners to locate suitable sites for turbines, delivering energy where it’s needed most while easing stress on the grid.
Since its launch in 2022, Winder has found enough potential locations to power nearly 5 million homes with clean, homegrown energy.
Initially focused on onshore wind, the partnership will also explore expanding into other energy solutions, including solar power and battery storage systems.
Octopus is already one of Europe’s largest investors in wind, managing nearly 5 GW of renewable energy globally, including 1.5 GW in onshore and offshore wind projects.
“The UK is already a leader in wind, and this partnership with Ming Yang is a core pathway to deliver some of the cheapest and most secure energy the UK has seen” said Zoisa North-Bond, CEO of Octopus Energy Generation. “By combining Octopus’s expertise in smart technology and software with outstanding wind turbines, we can optimise every kilowatt and cut energy costs for millions of bill payers.”
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