Octopus Energy seeks to expand to Brazil

Octopus Energy Group continues its international expansion by teaming up with the Energisa Group to improve the energy options for residents in Brazil. Their main focus will be on using renewable energy, like solar and wind power.

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Brazil still faces significant challenges in providing universal access to electricity, with millions of people living without reliable power. Octopus aims to address these issues by introducing affordable and accessible energy tailored to the needs of underprivileged communities. They will focus on affordable renewable energy solutions using Octopus’ existing Kraken technology platform.

Octopus

Octopus Energy, a global leader in clean energy technology, has stated that they are committed to moving towards an accessible and eco-friendly energy system for all.

Operating across 18 countries, Octopus actively invests in, constructs, and oversees renewable energy projects. They aim to revolutionise clean energy in the next few years, focusing specifically on eco-friendly sources such as solar and wind power and air source heat pumps.

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Kraken

Kraken, Octopus’s AI-enabled technology platform, has recently gained rapid traction in the UK energy sector. By connecting various aspects of the energy value chain, Kraken means smart energy products can be adopted more quickly. It helps to ensure the smooth integration of renewable assets like wind farms, solar panels, and batteries.

Energisa Group

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The Energisa Group is one of Brazil’s leading energy companies and this partnership will take advantage of their existing generation and distribution links. In recent years, they have made big changes to their business and moved towards more sustainable energy sources such as wind and solar.

Together, Energisa and Octopus want to make energy use in Brazil better. They’ll try to manage energy smarter, make customers happier and even work on projects to help people who can’t afford energy. With over 600,000 Brazilians still lacking access to electricity and millions living in energy poverty, the collaboration aims to innovate new solutions and address the energy needs of those communities without reliable access to power.