Octopus manages more than 300 solar sites
Octopus and RES to invest £3bn in UK green hydrogen
Partnership is evaluating several sites for construction of green hydrogen production and is in discussion with offtakers
Renewable energy firms Octopus Energy and RES have announced a partnership to invest £3bn ($4.1bn) to build new green hydrogen plants across the UK by 2030. The partnership is evaluating several sites for construction of green hydrogen production but has not made a final decision on any of them. “We are active on several promising projects. Octopus Energy and RES will be working with offtakers to locate the best options for them,” Octopus tell Hydrogen Economist. The partners have begun discussions with offtakers in the industrial sector, but no firm agreements have been signed yet. They are inviting other industrial users interested in hydrogen offtake to contact them about supply agreement
Also in this section
17 January 2025
Bank’s UK arm signs first deal to finance a green hydrogen developer, but cost and offtake pressures mean the sector remains too risky for many lenders
15 January 2025
The country’s technology-neutral position and competitive business environment mean it is looking to be surfing the second wave of the energy transition while others are still grappling with the first
14 January 2025
With abundant wind and sunshine, Africa is poised to lead in green hydrogen production. Yet high costs and financing challenges require global partnerships to unlock the continent's potential
14 January 2025
The continent’s largest economy sees an opportunity to join the global export market, but funding gap and lack of regulatory framework present challenges
