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Retail Supplier Affiliate Invests In U.S.-Based Floating Wind Farm Tech Developer
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Octopus Energy’s generation arm announced an investment into Ocergy, a startup focused on technology for the development of floating offshore wind farms
Octopus plans to invest between $10 million and $30 million in Ocergy
Ocergy, which is headquartered in the U.S. and has operations in France, is said to be already working with over a dozen major developers across multiple gigawatts (GW) of projects, with their first foundations to be installed by 2025/26.
"Octopus’ investment will help commercialise Ocergy’s tech and fuel the company’s rapid expansion into new markets. It will also enable it to grow its cutting-edge environmental data and biodiversity monitoring system," Octopus said
The investment is made on behalf of Vector, Octopus Energy’s offshore wind fund launched at the end of last year.
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April 24, 2024
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Copyright 2010-24 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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