Octopus Energy to Invest €1 Bn in French Green Energy Market
Octopus Energy has announced plans to invest €1 billion in the French green energy market over the next two years.
March 13, 2023. By News Bureau
Octopus Energy, the UK’s third largest energy retailer, has announced plans to invest €1 billion in the French green energy market over the next two years.
The investment will be used to accelerate the energy transition in France and generate enough local green power to supply 300,000 households.
Building on its investments already made in France, the company is launching a new European tech hub in Paris through its subsidiary Kraken. The new hub will create hundreds of clean energy jobs and support millions of customers across the continent.
Octopus Energy first entered the French market in January 2022 with its acquisition of French energy supplier Plüm énergie. The company is now targeting 1 million customers by 2026 in France.
While offering better customer service and bringing down prices, Octopus Energy France is also helping and rewarding French households to lower their energy consumption through innovative products.
The company's customers already use 10% less energy than the average French household, and Octopus is committed to continue innovating to help French consumers use less, but stay warm.
Announcing the plans at the 36th Franco-British Summit, chaired by Prime Minister Rishi Sunak and French President Emmanuel Macron in Paris today, Octopus Energy CEO and Founder, Greg Jackson, commented: “Octopus operates across 10 European countries, and today we’re delighted to announce a huge increase in our cooperation with France. We’re planning to invest an extra billion Euros in French generation - but we’re also going to make Paris our EU technology hub. This is testament to the mutual commitment to investing in a clean energy system, and pioneering the digitisation which will drive costs down alongside carbon.”
Vincent Maillard, CEO of Octopus Energy France, commented: “We are very proud to see Octopus Energy's role in France's energy transition recognized at the highest level of the French government.
please contact: email@example.com.
September 24, 2024
2024 Solar PV & Energy Storage World Expo
August 08, 2024
SNEC 17th (2024) International Photovoltaic Power Generation and Smart Energy Conference & Exhibition
June 04, 2024
Net Zero Tech
June 05, 2024
April 26, 2024
Our vacuum boosters enhance the performance of vacuum pumps in demanding applications
CEO – India
Our view is that 2024 is expected to be a watershed year for smart metering
CEO & CTO
Fuji Electric India launched PV1500 series central inverters for large-scale solar plants
Vice President and Country Managing Director-India
First Solar has created approximately 1000 high-skilled jobs at our India facility