Octopus Energy swoops for heat pump manufacturer RED in 'multi-million pound' deal

clock • 3 min read
Business and Energy Minister Lord Callahan and Octopus founder Greg Jackson at the Octopus Heat Pump Centre | Credit: Octopus
Image:

Business and Energy Minister Lord Callahan and Octopus founder Greg Jackson at the Octopus Heat Pump Centre | Credit: Octopus

Octopus Energy CEO Greg Jackson describes investment as 'Model T moment for the heat pump industry'

Octopus Energy has today announced a "multi-million pound investment" in heat pump manufacturer Renewable Energy Devices (RED), in a move it claimed would help to make heat pumps "cheaper and better for...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

LGIM launches new 'net zero' fund to drive investment in green economy

LGIM launches new 'net zero' fund to drive investment in green economy

Asset manager said it aims to deliver long-term returns, net zero carbon emissions, and improved ESG outcomes through new investment vehicle

Amber Rolt
clock 06 July 2022 • 2 min read
Cash may be king, but people are clean tech firms' biggest asset

Cash may be king, but people are clean tech firms' biggest asset

Hyperion Executive Search CEO David Hunt offers his take on how clean tech firms can survive – or even thrive – in a recession

David Hunt, Hyperion Executive Search
clock 06 July 2022 • 5 min read
Oil refiner Varo Energy unveils plan to achieve net zero by 2040

Oil refiner Varo Energy unveils plan to achieve net zero by 2040

European fossil fuel giant pledges to ramp up investment in hydrogen and end sale of carbon-based products by 2040

Amber Rolt
clock 05 July 2022 • 3 min read