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