Octopus Energy and Co-op Energy launch community energy joint venture
Energy suppliers Octopus Energy and Midcounties Co-operative have launched Co-op Community Energy, a joint venture that will support renewable energy projects. This follows the announcement in August of a strategic partnership between the two companies, which saw Octopus acquire 300,000 energy retail customers from Co-op Energy. The partnership has now been underscored by the creation
UK will need 1,400GWh of energy storage for future energy
“Significantly” more electric and thermal storage will be needed for a low-cost 2050 energy system than previously thought. This is according to findings from a new energy system modelling tool launched by the Energy Systems Catapult, looking into the role of storage and flexibility in decarbonisation. To meet an 80% reduction in carbon