Here is a few of stuff we have performed through the years to make this occur quicker.
- To speed up the transition to inexperienced power, we invested £5,000,000 into the creation of the Centre for Internet Zero: an arms-length non-profit dedicated to researching a low-carbon future power system
- To combat racism and inequality in power, we pledged £108,000 in the direction of an Octopus Black Lives Matter fund
- To ensure the way forward for heating is inexperienced and inexpensive for all, we’re investing £10,000,000 to construct a centre dedicated to R&D into warmth decarbonisation. (Nonetheless a little bit of a secret, however we’d’ve dropped just a few hints)
However this work continues all the way in which again to after we began, simply over 5 years in the past.
Making power greener for all
We’re on a mission to make inexperienced power inexpensive and accessible for all. We’re doing it by constructing ground-breaking tech to drive real, international system change.
Right here’s an in-depth write-up of how we’re working to make power greener for everybody.
After three years, we’re nonetheless the one firm within the UK providing individuals power that will get cheaper when the grid is greener: by way of Agile Octopus, by way of our Octopus Fan Membership with low cost energy for locals close to Octopus wind generators, and even by way of our Future Power trials for patrons with good meters.
Making power costs fairer
Value trickery is infamous within the power trade – in actual fact, Octopus was based to fight it.
From day one we deployed information science, political campaigning and even an notorious stunt in a Soho pub to spotlight soiled techniques utilized by legacy power corporations to tear off shoppers – more likely to be probably the most susceptible and low-income households.
Again in 2016, after we have been model new, we analysed main suppliers’ tariffs, exposing what we name ‘Tease and Squeeze’ techniques: the place you’re reeled in on a below-cost introductory worth, after which sneakily moved onto an extortionate fee as quickly as your mounted time period is over.
We labored with MoneyBox’s Michael Roberts to unfold our findings far and extensive – right here’s his writeup on the BBC.
We’ve already launched a sequence of internships – the primary one, our Ada Lovelace internship – to assist present the subsequent era what a profession in the way forward for power appears to be like like, and to convey extra individuals from underrepresented teams into the tech and power industries.
I began Octopus to spur the inexperienced power revolution. Local weather change is probably the most urgent and pressing problem our world faces, and to actually have an effect on international change, we have to take progressive steps to make power inexpensive, accessible, and genuinely equitable for all.
I hope what we have performed thus far is a begin in the direction of that future.
Printed on fifteenth June 2021 by:
