• Green Energy Electrek Green Energy Brief EGEB Solar power California A UK energy giant is investing $1B in California clean tech Octopus Energy Generation is investing almost $1 billion in California clean tech projects, the latest move by the UK‑based renewable investor as it scales up its presence in the US market. • Octopus Energy invests big in California clean tech The funding will support a mix of technologies, including carbon removal startups, industrial heat battery systems, and a solar + storage project expected to come online by July 2026. • The deals are part of Octopus’s broader plan to invest $2 billion in the US energy transition by 2030. • Two of the investments target California companies working on carbon removal through grassland restoration and reforestation. • The goal is to turn degraded land into carbon‑absorbing assets, with several Big Tech companies already lined up to buy the resulting carbon credits. • Octopus is also backing heat battery technology developed in the Bay Area.
Sources: