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How Data Centers Impact the Environment

April 9, 2019 | 101 views

Now, more than ever, many of us are conscious of the impact we have on the environment. We try to minimize that impact by recycling, composting, and buying environmentally friendly products. But would you give up certain luxuries, such as your dependence on technology, to save the environment? Could you live without your cellphone or access to the internet? The link between our insatiable demand for more and faster data and the impact on the environment is not inherently apparent to most people.

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CX Solar limted

CX Solar is a privately held company focused on bringing Renewable Energy Projects to market, we manage each project from design to development, right through to grid connection and ultimately returning a profit to our investors. Our main areas of development are, Solar and Biomass. Having completed several international projects in both Solar and Biomas. CX Solar are now bringing to market a unique Biomass Investment.

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SOLAR+STORAGE

A vision for renewable energy

Article | June 8, 2022

Right now, renewable energy makes up a very small part of the entire energy sector of Bangladesh. But as we move into the future, and concerns about the environment become too great to ignore, exploring cleaner and greener sources of energy becomes the need of the hour. Our economy is booming, and our population is growing, so it goes without saying that our energy requirements are immense. There is plenty of scientific evidence that burning fossil fuels indiscriminately is not sustainable in the long term, so we do need to up our game in looking at alternatives.

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STRATEGY AND BEST PRACTICES, ENERGY

2020: The Year of Convergence in Corporate Renewables

Article | July 27, 2022

The rapid growth of corporate renewable procurement has been nothing short of a buyer-driven revolution in the United States’ electric sector. Almost 20 gigawatts (GWs) of corporate power purchasing agreements (PPAs) were completed in 2019 across the globe, up from 13 GWs of corporate PPAs in 2018 and triple the numbers from 2017.1,2 And the majority of this growth has come from the United States. Fortunately for those of us committed to renewable energy, we expect this trend to continue. But as should be expected in such a dynamic, buyer-driven sector, we are starting to see some noticeable shifts in the marketplace as it evolves and grows. I wanted to highlight some of the trends Constellation is watching for this year.

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SOLAR+STORAGE

2020 Trends That Will Make Waves In The Energy Industry

Article | June 14, 2022

In the renewable world, energy is generated by weather and the amount of energy that can be produced depends on the current conditions. Energy storage can ensure a power supply is maintained when weather conditions are not optimal for generating energy. While energy storage products have already been introduced to all levels of the market there are several technology hurdles to overcome before energy storage will reach maximum potential. We believe there will be great advancements in 2020 on:

Read More

Solar Power, Great For The Environment? Or Is It The Last Thing We Need?

Article | February 10, 2020

Solar power is an undeniably a green, renewable form of electricity generation - but many organisations with questionable motives (even here in New Zealand) are trying to persuade the public (and Government – hi lobbyists!) that solar power isn’t that environmentally friendly, and that it's even harmful. At the expense of bullish corporate profits, solar power is often thrown under the bus. This article lists the facts - putting an end to the negative spin on solar so often found in the media. When solar panels produce power, they do not; create any air pollution, use zero water, create carbon emissions, noise pollution, and they won’t disturb surrounding ecosystems. Solar power is a renewable energy source, the sun’s rays are infinite, fill your boots.

Read More
SOLAR+STORAGE

Treasury Wine Estates To Install Thousands Of Solar Panels

Article | June 8, 2022

Right now, renewable energy makes up a very small part of the entire energy sector of Bangladesh. But as we move into the future, and concerns about the environment become too great to ignore, exploring cleaner and greener sources of energy becomes the need of the hour. Our economy is booming, and our population is growing, so it goes without saying that our energy requirements are immense. There is plenty of scientific evidence that burning fossil fuels indiscriminately is not sustainable in the long term, so we do need to up our game in looking at alternatives.

Read More
STRATEGY AND BEST PRACTICES, ENERGY

How Does Employing Energy Management Systems Helps Businesses?

Article | July 27, 2022

The rapid growth of corporate renewable procurement has been nothing short of a buyer-driven revolution in the United States’ electric sector. Almost 20 gigawatts (GWs) of corporate power purchasing agreements (PPAs) were completed in 2019 across the globe, up from 13 GWs of corporate PPAs in 2018 and triple the numbers from 2017.1,2 And the majority of this growth has come from the United States. Fortunately for those of us committed to renewable energy, we expect this trend to continue. But as should be expected in such a dynamic, buyer-driven sector, we are starting to see some noticeable shifts in the marketplace as it evolves and grows. I wanted to highlight some of the trends Constellation is watching for this year.

Read More
SOLAR+STORAGE

Renewables find success in ‘black start’ experiment

Article | June 14, 2022

In the renewable world, energy is generated by weather and the amount of energy that can be produced depends on the current conditions. Energy storage can ensure a power supply is maintained when weather conditions are not optimal for generating energy. While energy storage products have already been introduced to all levels of the market there are several technology hurdles to overcome before energy storage will reach maximum potential. We believe there will be great advancements in 2020 on:

Read More

Solar Power, Great For The Environment? Or Is It The Last Thing We Need?

Article | February 10, 2020

Solar power is an undeniably a green, renewable form of electricity generation - but many organisations with questionable motives (even here in New Zealand) are trying to persuade the public (and Government – hi lobbyists!) that solar power isn’t that environmentally friendly, and that it's even harmful. At the expense of bullish corporate profits, solar power is often thrown under the bus. This article lists the facts - putting an end to the negative spin on solar so often found in the media. When solar panels produce power, they do not; create any air pollution, use zero water, create carbon emissions, noise pollution, and they won’t disturb surrounding ecosystems. Solar power is a renewable energy source, the sun’s rays are infinite, fill your boots.

Read More
MORE ARTICLES

Spotlight

CX Solar limted

CX Solar is a privately held company focused on bringing Renewable Energy Projects to market, we manage each project from design to development, right through to grid connection and ultimately returning a profit to our investors. Our main areas of development are, Solar and Biomass. Having completed several international projects in both Solar and Biomas. CX Solar are now bringing to market a unique Biomass Investment.

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ENERGY

Power Integrations Launches 900 V GaN Flyback Switcher ICs

Power Integrations | March 21, 2023

Power Integrations, the leader in high-voltage integrated circuits (ICs) for energy-efficient power conversion, today announced a 900-volt gallium-nitride (GaN) extension to the company’s InnoSwitch3™ family of flyback switcher ICs. The new ICs, which feature the company’s proprietary PowiGaN™ technology, deliver up to 100 watts with better than 93 percent efficiency, eliminating the need for heat sinks and streamlining design of space-challenged applications. InnoSwitch3 designs also offer exceptional light-load efficiency making them ideal for providing auxiliary power in electric vehicles during low-power sleep modes. The AEC-Q100-qualified InnoSwitch3-AQ family is particularly suitable for EVs based on 400-volt bus systems where the 900-volt PowiGaN switch provides more power and increased design margin―required for 12-volt battery-replacement systems―with enhanced efficiency over silicon-based converters. “The dominant bus voltage for electric vehicles is 400 volts,” stated Peter Vaughan, automotive business development director at Power Integrations. “EV manufacturers are optimizing their new generation of 400-volt systems and re-engineering various power stages in the vehicle, such as the on-board charger. The 900-volt PowiGaN switch is extremely beneficial because it easily accommodates inductive noise spikes, yet it can operate from as low as 30 VDC, enabling systems to meet functional safety active discharge requirements. The extra power delivered by our GaN technology matches the increasing power demands of EV manufacturers, moreover, efficiency in power conversion―even in auxiliary systems―is important for both range extension and thermal management.” In the industrial space, extra power and increased efficiency are extremely advantageous in applications such as appliances, three-phase motors and auxiliary power supply units (PSUs) in servers. The new 900-volt parts are pin-for-pin compatible with existing 725-volt and 750-volt InnoSwitch3-EP parts and offer increased safety margin which is ideal for countries with unstable line voltages. “Our ability to deliver GaN parts rated at up to 900 volts demonstrates the reliability and ruggedness of our PowiGaN technology,” stated Silvestro Fimiani, senior product marketing manager at Power Integrations. The new 900-volt InnoSwitch3-EP and InnoSwitch3-AQ off-line CV/CC flyback switcher ICs employ synchronous rectification, a valley switching discontinuous conduction mode (DCM) and continuous conduction mode (CCM) flyback controller. FluxLink™ communication technology enables the IC package to bridge the isolation barrier, optimizing efficiency and eliminating the need for optocouplers. PowiGaN technology enables InnoSwitch3-EP ICs to deliver up to 100 watts (230 volts alternating current [VAC] plus or minus 15 percent) without heat sinks. InnoSwitch3-EP devices incorporate multiple protection features including line over- and under-voltage protection, output over-voltage and over-current limiting, and over-temperature shutdown. Devices are available with standard and peak power delivery options. Automotive InnoSwitch3-AQ devices can also deliver 100 watts from a 400-volt bus and provide performance and protection features similar to those of the popular 1700-volt silicon-carbide InnoSwitch3-AQ ICs currently used in 800-volt EV systems. Availability & Resources Pricing for the new 900-volt GaN InnoSwitch3-EP devices for industrial applications start at $2.00 for 10,000-unit quantities. For the InnoSwitch3-AQ automotive-qualified devices or further information on all Power Integrations’ solutions, contact a Power Integrations sales representative or one of the company’s authorized worldwide distributors: Digi-Key, Farnell, Mouser and RS Components, or visit power.com. About Power Integrations Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts.

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ENERGY

BlueWave Solar Renames to 'BlueWave', Expanding Sustainable Development Capabilities to Include Battery Storage

BlueWave | March 20, 2023

BlueWave Solar, a leading solar and battery storage developer in the Northeast U.S., recently announced an official name change to BlueWave, heralding expansive growth beyond solar development into additional areas of the clean energy space. BlueWave's expertise and suite of capabilities now encompasses the development, engineering, construction and ownership of solar, solar plus storage, and standalone battery storage projects. The name change, while subtle, marks a significant next phase of growth, fueled by resources and funding from its new parent company, Axium Infrastructure, an infrastructure investment management firm with a deep North American renewables portfolio. The 100% stake acquisition, completed in May 2022, has allowed BlueWave to expand its leadership in innovative solar development and grow into the long-term asset ownership of its development pipeline and also expansion into battery storage, both coupled with solar and as standalone assets. "We are on a journey to transform access to renewable energy and strive to develop and build the most effective systems to make that possible," Trevor Hardy, CEO and Co-Founder of BlueWave noted. "Our capabilities now go beyond solar development, and we are better poised to address and innovate how energy is stored and transmitted, ultimately creating greater access. Increasing battery storage on the U.S. electric grid is absolutely critical in order to achieve our nation's economic and climate goals. We welcome this next chapter for our team as we continue to push the boundaries of a clean energy future." Battery storage is an integral part of renewable deployment—it is critical to the effectiveness of clean energy initiatives and vital to the stabilization and integration of renewables to the existing grid. Battery storage enables further decarbonization of the utility grid by allowing solar and wind energy to contribute to the available electricity supply, even when the sun isn't shining or the wind isn't blowing, by storing and then releasing energy when it's needed most. BlueWave committed to pursuing battery storage development in 2021 and is proud to bring its thoughtful approach to development and energy expertise to the deployment of both distribution and transmission scale battery storage assets. BlueWave is in the early stages of battery storage development within multiple states that have battery storage policies in place including Maine, Massachusetts, and New York, and has been working with local municipalities and state policy makers to best understand and meet storage needs on a local, state and regional basis. The potential community benefits from battery storage are substantial, including local revenue to landowners, improved grid reliability during summer peaks, a cleaner environment that is free of fossil fuels and robust job growth in the burgeoning cleantech economy. "Battery storage is an essential part of the conversation that cannot be ignored as we seek to decarbonize the electric grid," said Mike Marsch, Chief Development Officer of BlueWave. "Given our proven success with solar development and ability to work collaboratively with local communities and state policymakers to achieve outcomes benefiting all involved, we believe that our added battery storage capabilities will contribute immensely to our overall positive impact on the world. We seek to support our communities by enhancing grid reliability while also facilitating much needed climate policy guidance across multiple states." About BlueWave: BlueWave's vision is to protect our planet by transforming access to renewable energy. As a pioneering renewable energy company that develops and owns solar and battery storage projects, BlueWave has developed and built more than 150 MW of solar projects to date and is actively developing battery storage projects to ensure our grid is reliable and efficient in a clean energy future. As built, these projects collectively generate enough solar energy to avoid more than 144,000 metric tons of carbon emissions annually.

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SUSTAINABILITY

Octopus Energy Announces €1 Billion Investment in French Green Energy Market and New European Tech Hub in Paris

Octopus Energy | March 17, 2023

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. In doing so, the group combines retail energy expertise, major investments in renewable generation and cutting-edge technology to unlock innovative tariffs and deliver an outstanding customer experience to French households." About Octopus Energy Group Octopus Energy Group is a global energy tech pioneer, launched in 2016 to use technology to unlock a customer focused and affordable green energy revolution. It is part of Octopus Group, which is a certified BCorp. With operations in 14 countries, Octopus Energy Group's mission is going global. Octopus’s domestic energy arm already serves 3.4 million customers with cheaper greener power, through Octopus Energy, Affect Energy, Ebico, London Power and Co-op Energy. In December 2022, it was announced that Octopus would also take on the 1.5 million customers of failed supplier Bulb Energy. Octopus Electric Vehicles is helping make clean transport cheaper and easier, and Octopus Energy Services is bringing smart products to thousands of homes. Octopus Energy Generation is one of Europe’s largest investors in renewable energy, managing a £4bn portfolio of renewable energy assets throughout the continent. All of these are made possible by Octopus’s tech arm, Kraken Technologies, which offers a proprietary, in-house platform based on advanced data and machine learning capabilities, Kraken automates much of the energy supply chain to allow outstanding service and efficiency as the world transitions to a decentralized, decarbonized energy system. This technology has been licensed to support over 20 million customer accounts worldwide, through deals with EDF Energy, Good Energy, E.ON energy and Origin Energy. In December 2021, Octopus Energy Group was valued at approximately $5 billion following a $600 million investment from Generation Investment Management and a $300 million investment from Canada Pensions Plan Investments Board. Both investors back businesses that drive sustainability, promote green energy and tackle climate change. It was the company’s third major investment round since launching to the market.

Read More

ENERGY

Power Integrations Launches 900 V GaN Flyback Switcher ICs

Power Integrations | March 21, 2023

Power Integrations, the leader in high-voltage integrated circuits (ICs) for energy-efficient power conversion, today announced a 900-volt gallium-nitride (GaN) extension to the company’s InnoSwitch3™ family of flyback switcher ICs. The new ICs, which feature the company’s proprietary PowiGaN™ technology, deliver up to 100 watts with better than 93 percent efficiency, eliminating the need for heat sinks and streamlining design of space-challenged applications. InnoSwitch3 designs also offer exceptional light-load efficiency making them ideal for providing auxiliary power in electric vehicles during low-power sleep modes. The AEC-Q100-qualified InnoSwitch3-AQ family is particularly suitable for EVs based on 400-volt bus systems where the 900-volt PowiGaN switch provides more power and increased design margin―required for 12-volt battery-replacement systems―with enhanced efficiency over silicon-based converters. “The dominant bus voltage for electric vehicles is 400 volts,” stated Peter Vaughan, automotive business development director at Power Integrations. “EV manufacturers are optimizing their new generation of 400-volt systems and re-engineering various power stages in the vehicle, such as the on-board charger. The 900-volt PowiGaN switch is extremely beneficial because it easily accommodates inductive noise spikes, yet it can operate from as low as 30 VDC, enabling systems to meet functional safety active discharge requirements. The extra power delivered by our GaN technology matches the increasing power demands of EV manufacturers, moreover, efficiency in power conversion―even in auxiliary systems―is important for both range extension and thermal management.” In the industrial space, extra power and increased efficiency are extremely advantageous in applications such as appliances, three-phase motors and auxiliary power supply units (PSUs) in servers. The new 900-volt parts are pin-for-pin compatible with existing 725-volt and 750-volt InnoSwitch3-EP parts and offer increased safety margin which is ideal for countries with unstable line voltages. “Our ability to deliver GaN parts rated at up to 900 volts demonstrates the reliability and ruggedness of our PowiGaN technology,” stated Silvestro Fimiani, senior product marketing manager at Power Integrations. The new 900-volt InnoSwitch3-EP and InnoSwitch3-AQ off-line CV/CC flyback switcher ICs employ synchronous rectification, a valley switching discontinuous conduction mode (DCM) and continuous conduction mode (CCM) flyback controller. FluxLink™ communication technology enables the IC package to bridge the isolation barrier, optimizing efficiency and eliminating the need for optocouplers. PowiGaN technology enables InnoSwitch3-EP ICs to deliver up to 100 watts (230 volts alternating current [VAC] plus or minus 15 percent) without heat sinks. InnoSwitch3-EP devices incorporate multiple protection features including line over- and under-voltage protection, output over-voltage and over-current limiting, and over-temperature shutdown. Devices are available with standard and peak power delivery options. Automotive InnoSwitch3-AQ devices can also deliver 100 watts from a 400-volt bus and provide performance and protection features similar to those of the popular 1700-volt silicon-carbide InnoSwitch3-AQ ICs currently used in 800-volt EV systems. Availability & Resources Pricing for the new 900-volt GaN InnoSwitch3-EP devices for industrial applications start at $2.00 for 10,000-unit quantities. For the InnoSwitch3-AQ automotive-qualified devices or further information on all Power Integrations’ solutions, contact a Power Integrations sales representative or one of the company’s authorized worldwide distributors: Digi-Key, Farnell, Mouser and RS Components, or visit power.com. About Power Integrations Power Integrations, Inc. is a leading innovator in semiconductor technologies for high-voltage power conversion. The company’s products are key building blocks in the clean-power ecosystem, enabling the generation of renewable energy as well as the efficient transmission and consumption of power in applications ranging from milliwatts to megawatts.

Read More

ENERGY

BlueWave Solar Renames to 'BlueWave', Expanding Sustainable Development Capabilities to Include Battery Storage

BlueWave | March 20, 2023

BlueWave Solar, a leading solar and battery storage developer in the Northeast U.S., recently announced an official name change to BlueWave, heralding expansive growth beyond solar development into additional areas of the clean energy space. BlueWave's expertise and suite of capabilities now encompasses the development, engineering, construction and ownership of solar, solar plus storage, and standalone battery storage projects. The name change, while subtle, marks a significant next phase of growth, fueled by resources and funding from its new parent company, Axium Infrastructure, an infrastructure investment management firm with a deep North American renewables portfolio. The 100% stake acquisition, completed in May 2022, has allowed BlueWave to expand its leadership in innovative solar development and grow into the long-term asset ownership of its development pipeline and also expansion into battery storage, both coupled with solar and as standalone assets. "We are on a journey to transform access to renewable energy and strive to develop and build the most effective systems to make that possible," Trevor Hardy, CEO and Co-Founder of BlueWave noted. "Our capabilities now go beyond solar development, and we are better poised to address and innovate how energy is stored and transmitted, ultimately creating greater access. Increasing battery storage on the U.S. electric grid is absolutely critical in order to achieve our nation's economic and climate goals. We welcome this next chapter for our team as we continue to push the boundaries of a clean energy future." Battery storage is an integral part of renewable deployment—it is critical to the effectiveness of clean energy initiatives and vital to the stabilization and integration of renewables to the existing grid. Battery storage enables further decarbonization of the utility grid by allowing solar and wind energy to contribute to the available electricity supply, even when the sun isn't shining or the wind isn't blowing, by storing and then releasing energy when it's needed most. BlueWave committed to pursuing battery storage development in 2021 and is proud to bring its thoughtful approach to development and energy expertise to the deployment of both distribution and transmission scale battery storage assets. BlueWave is in the early stages of battery storage development within multiple states that have battery storage policies in place including Maine, Massachusetts, and New York, and has been working with local municipalities and state policy makers to best understand and meet storage needs on a local, state and regional basis. The potential community benefits from battery storage are substantial, including local revenue to landowners, improved grid reliability during summer peaks, a cleaner environment that is free of fossil fuels and robust job growth in the burgeoning cleantech economy. "Battery storage is an essential part of the conversation that cannot be ignored as we seek to decarbonize the electric grid," said Mike Marsch, Chief Development Officer of BlueWave. "Given our proven success with solar development and ability to work collaboratively with local communities and state policymakers to achieve outcomes benefiting all involved, we believe that our added battery storage capabilities will contribute immensely to our overall positive impact on the world. We seek to support our communities by enhancing grid reliability while also facilitating much needed climate policy guidance across multiple states." About BlueWave: BlueWave's vision is to protect our planet by transforming access to renewable energy. As a pioneering renewable energy company that develops and owns solar and battery storage projects, BlueWave has developed and built more than 150 MW of solar projects to date and is actively developing battery storage projects to ensure our grid is reliable and efficient in a clean energy future. As built, these projects collectively generate enough solar energy to avoid more than 144,000 metric tons of carbon emissions annually.

Read More

SUSTAINABILITY

Octopus Energy Announces €1 Billion Investment in French Green Energy Market and New European Tech Hub in Paris

Octopus Energy | March 17, 2023

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. In doing so, the group combines retail energy expertise, major investments in renewable generation and cutting-edge technology to unlock innovative tariffs and deliver an outstanding customer experience to French households." About Octopus Energy Group Octopus Energy Group is a global energy tech pioneer, launched in 2016 to use technology to unlock a customer focused and affordable green energy revolution. It is part of Octopus Group, which is a certified BCorp. With operations in 14 countries, Octopus Energy Group's mission is going global. Octopus’s domestic energy arm already serves 3.4 million customers with cheaper greener power, through Octopus Energy, Affect Energy, Ebico, London Power and Co-op Energy. In December 2022, it was announced that Octopus would also take on the 1.5 million customers of failed supplier Bulb Energy. Octopus Electric Vehicles is helping make clean transport cheaper and easier, and Octopus Energy Services is bringing smart products to thousands of homes. Octopus Energy Generation is one of Europe’s largest investors in renewable energy, managing a £4bn portfolio of renewable energy assets throughout the continent. All of these are made possible by Octopus’s tech arm, Kraken Technologies, which offers a proprietary, in-house platform based on advanced data and machine learning capabilities, Kraken automates much of the energy supply chain to allow outstanding service and efficiency as the world transitions to a decentralized, decarbonized energy system. This technology has been licensed to support over 20 million customer accounts worldwide, through deals with EDF Energy, Good Energy, E.ON energy and Origin Energy. In December 2021, Octopus Energy Group was valued at approximately $5 billion following a $600 million investment from Generation Investment Management and a $300 million investment from Canada Pensions Plan Investments Board. Both investors back businesses that drive sustainability, promote green energy and tackle climate change. It was the company’s third major investment round since launching to the market.

Read More

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