Octopus Energy to invest £200m in waste heat innovator Deep Green

Michael Holder
clock • 2 min read
Deep Green's computers submerged in mineral oil in Exmouth where it captures waste heat for the swimming pool | Credit: Deep Green
Image:

Deep Green's computers submerged in mineral oil in Exmouth where it captures waste heat for the swimming pool | Credit: Deep Green

London-based tech firm secures multi-million pound backing to support roll out of technology that captures and repurposes waste heat from IT data centres

Octopus Energy's generation aim has announced a £200m investment in clean heat technology innovator Deep Green, with the funding set to help help the London-based start-up accelerate the roll out of projects...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Global Briefing: AI and electrification tipped to drive US power use to record levels in 2026 and 2027

Global Briefing: AI and electrification tipped to drive US power use to record levels in 2026 and 2027

Plus Amazon deforestation plunges to lowest level since 2013, Google inks 15-year solar PPA, and Malaysia's new 10-year energy efficiency plan, in our round up of the top green business news from around the world the week

Stuart Stone
clock 14 August 2026 • 9 min read
Report: Green hydrogen projects struggling to move beyond drawing board in UK and Europe

Report: Green hydrogen projects struggling to move beyond drawing board in UK and Europe

Stalling demand could put 2030 targets for green hydrogen production capacity ‘beyond reach’ in the UK and Europe, according to the Energy Industries Council

Michael Holder
clock 14 August 2026 • 4 min read
CIP fires up 'Europe's largest' battery storage facility in Scotland

CIP fires up 'Europe's largest' battery storage facility in Scotland

The 500MW Coalburn 1 battery storage facility is one of three being developed by Copenhagen Infrastructure Partners in Scotland

clock 13 August 2026 • 1 min read