a year ago

Octopus Energy Invests in Ocergy to Boost Floating Offshore Wind

  • Octopus Energy, through its investment arm Vector, has invested in Ocergy, a French company specializing in floating offshore wind turbine foundations

  • The investment aims to help Ocergy expand its operations and make floating offshore wind farms more cost-effective

  • Ocergy's approach focuses on hyper-local supply chains, working with local manufacturers to create green jobs in the areas where the turbines are installed

  • This collaboration marks a significant step towards achieving the UK's ambitious targets for floating offshore wind, which aims to reach 5 GW of capacity by 2030.

      • ProblemRenewable Energy

      "Building offshore wind farms is expensive, especially in deep waters where traditional fixed foundations are not feasible. This limits the potential for tapping into the vast majority of offshore wind resources."

      Solution

      "Ocergy's technology provides a cost-effective solution for building floating offshore wind farms in deep waters, by using a hyper-local supply chain that leverages local manufacturing and creates green jobs."

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