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Octopus’s $1bn California deal ‘to boost UK growth’

Published: February 17, 2026 at 8:08 am

Author: Jonathan Symcox

Octopus Energy Generation is injecting nearly $1 billion in California CleanTech – a move which it says will boost growth back here in the UK.

One of Europe’s leading investors in renewable energy, Octopus will back two Californian carbon removal companies pioneering grassland restoration and reforestation to transform degraded land into high-quality CO2-absorbing assets.

It says several Big Tech companies have already been lined up as carbon credit offtakers.

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