#solar-plus-storage

#solar-plus-storage

Octopus Energy Generation is investing nearly $1bn in Californian clean technology projects, deepening its exposure to the US energy transition and accelerating plans to deploy $2bn across the country by 2030. The funding, channelled through Octopus-managed funds, spans carbon removal, heat battery technology and solar-plus-storage infrastructure, reinforcing the company's strategy of backing next-generation decarbonisation assets in advanced markets. Octopus will support two California-based carbon removal companies focused on grassland restoration and reforestation, converting degraded land into high-quality carbon-absorbing assets.

Even more worrying is how much less reliable the grid has become. The US has had 64% more large grid failures in the last ten years. Most of these outages were caused by extreme weather events related to climate change, such as hurricanes, wildfires, and heat waves. Because of this unpredictability, there is a strong need for clean, independent, and stable energy solutions, especially ones that can store and manage solar electricity in case the grid goes down.