Octopus and Co-op Energy announce new community energy joint venture
17 October 2019
Octopus Energy has launched a joint venture aimed at helping develop community energy projects.
The supplier, part of the Octopus Group, recently announced a major strategic partnership with Co-op Energy which will see it predominately acquire 300,000 retail customers from Midcounties Co-operative.
Encouraging for readers of this website is that the deal includes a new joint initiative between the two parties aimed specifically at local and community energy schemes in the UK that will invest in community energy providers, give support to community groups interested in collaborative energy projects and increase the amount of energy procured from community energy schemes.