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Octopus Energy chief executive Greg Jackson has hinted that the company is examining how supply chain efficiencies could deliver its pledge to slash the cost of heat pumps.
3 years ago
Octopus Energy Group has added £3.4 billion worth of renewable energy projects to its portfolio with the acquisition of sister company Octopus Renewables. From June the large retailer will manage Octopus Renewables’ European portfolio of more than 300 green assets under new business arm Octopus Energy Generation. Chris Hulatt, co-founder of Octopus Group, the parent company of both businesses, said he hoped the move would unlock a “multitude of new investment opportunities”.
Octopus Energy and NatWest Group have launched an electric vehicle (EV) charging bundle which will allow the bank’s customers to purchase chargers at discounted rates. The joint offering, which the companies claim is the first of its kind, includes the entire stack of infrastructure, technology and software needed to switch to EVs as well as a comprehensive assessment of each customer’s needs.
4 years ago
Octopus has been valued at £1 billion after a £300 million investment from Australian power supplier Origin Energy. Greg Jackson, Octopus' chief executive, tells Utility Week more about plans for the company to invest in a future energy research centre which will be used to conduct modelling with data collected from Octopus’ real-world tariffs and be made available for governments wishing to invest in green technologies.
Greg Jackson has expressed disappointment that large suppliers are resorting to “traditional energy industry infighting” instead of coming together to help the most vulnerable customers. The Octopus Energy chief executive said he had proposed a standardised form for assisting vulnerable customers but it had not been adopted by the wider sector.
Greg Jackson, chief executive of Octopus Energy, believes a six to 12 month delay may give the industry sufficient time to resolve connectivity issues. He said the delays caused by the coronavirus pandemic will not be as long as those resulting from technology issues in the programme's early days.
Eon's adoption of the Kraken platform will see millions of customers migrated onto the system. One industry insider believes this could be a signal to other large players to enter the market.
As the utilities sector braces for a period of uncertainty, companies are keen to reassure customers that services will remain intact. Centrica, Eon, Npower, Octopus, Bristol, Portsmouth, Southern and Thames Water have told Utility Week how they are responding.