Octopus makes first strides into energy networks sector with Eclipse Power investment

Octopus Investments has made a multi-million-pound investment in independent Distribution Network Operator (IDNO) Eclipse Power, marking its maiden investment in the networks sector. Octopus, which is already the largest asset holder of UK solar farms and is the parent company of challenger supplier Octopus Energy, said the investment would allow it to expand its operations base and make further investments into the country’s electricity infrastructure. It also spoke of the potential for IDNOs to play “an important role” in furthering the electrification of heat and transport through cost-efficient grid reinforcement works, with Eclipse Power expected to connect more than 25,000 customers in the coming years.