The Anonymous Widower

Octopus Energy On Xlinks

Today, Octopus Energy published a web page, which is entitled Backing Cheaper, Greener Energy Globally, giving more details of the Xlinks project.

I first wrote about the tie-up between Octopus Energy and Xlinks in Xlinks Welcomes New Investor Octopus Energy In Providing Cheap Green Power To Over 7 Million Homes.

Points made in the page on the Octopus web page include.

  • The project will cover over 570 square miles in Morocco with 7GW of solar and 3.5GW of wind generation alongside a 20GWh battery storage facility.
  • This green energy powerhouse will be connected to the UK via 2,361 miles of HVDC subsea cables.
  • The cables will be built with British steel in a new factory in Hunterton, Scotland.
  • It also appears that the site of the project has been chosen to optimise energy collection.

This project appears to be excellently-thought out to bring large benefits to all stakeholders.

June 29, 2022 Posted by | Energy Storage, Energy | , , , , , | 7 Comments

Xlinks Welcomes New Investor Octopus Energy In Providing Cheap Green Power To Over 7 Million Homes

The title of this post, is the same as that of this press release from Xlinks.

These are the first three paragraphs.

Xlinks is pleased to announce a financial and strategic partnership with energy tech pioneer Octopus Energy Group.

The Morocco – UK Power Project will speed up the UK’s transition to net zero by laying four 3,800km-long subsea cables to connect a huge renewable energy farm in the Moroccan desert with Devon in South West England. Morocco is setting its sights on becoming a world leader in solar energy, already boasting some of the world’s largest solar arrays, and meeting two-fifths of its electricity demand with renewables. There will be huge economic benefits to both countries involved, with Xlinks bringing green energy and engineering jobs to both the UK and Morocco.

The project will diversify UK supply routes and boost energy security through the supply of 3.6 GW of reliable, clean power to the UK for an average of 20 hours a day, enough green energy to power about 7 million homes.

Note.

  1. The cables will be nearly 2,400 miles
  2. It is scheduled to be operational in 2027.
  3. Xlinks is expected to deliver power at £48/MWh, which is comparable with offshore wind.
  4. Wikipedia talks of a Hinkley Point C strike price of £92.50/MWh (in 2012 prices).
  5. Greg Jackson, founder of Octopus Energy Group, is also a personal investor in the project.
  6. Greg Jackson is interviewed in this article in today’s Sunday Times.

I wrote more about this project in Moroccan Solar-Plus-Wind To Be Linked To GB In ‘Ground-Breaking’ Xlinks Project.

Conclusion

This mega-project could be approaching the point, where the starting gun is fired.

 

May 15, 2022 Posted by | Energy | , , , , , , | 3 Comments

Octopus Energy Chief Greg Jackson Declares London World Leader Of Green Energy Tech As It Wins “Double Unicorn” $2bn Status

The title of this post, is the same as that of this article on the Standard.

This is the sub-title.

CEO declares Britain’s mixture free market and technology skills give green energy tech massive export potential.

These are some points from the article.

  • Octopus Energy started five years ago and is now worth $2 billion.
  • It supplier 1.7 million homes in the UK, with green energy.
  • It has customers in the US and Germany.
  • It has its own management software called Kraken.
  • Due to Kraken, their costs are 2.5 times lower than rivals.
  • Kraken is a fun-for-hire, that is now used by other energy supplier.

The CEO wants a 100 million customers in five years.

We need more companies with this attitude!

December 24, 2020 Posted by | Business, Energy | , | Leave a comment