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Retail Supplier Affiliate Invests $1 Billion In Cleantech Companies
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Octopus Energy Generation said that it is investing $1 billion in California-based cleantech companies
"Through its funds, Octopus will back two Californian carbon removal companies pioneering grassland restoration and reforestation to transform degraded land into high-quality CO2-absorbing assets -- with several Big Tech companies already lined up as carbon credit offtakers," Octopus said
Octopus will also invest in heat batteries to fast-track the decarbonization of hard-to-electrify industries.
Additionally, Octopus will acquire a solar and battery project in California
Octopus aims to deploy a total of $2 billion in the U.S. energy transition by 2030.
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February 17, 2026
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Copyright 2026 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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