Octopus Energy: $1Bn invested in California's carbon removal, heat battery and solar+BESS techs

Octopus Energy Generation "is injecting nearly $1Bn in California’s next-gen tech scene". The deals will cover span carbon removal, heat batteries, and solar-plus-storage, announced the British clean energy and technology business, on 16/02/2026.

The announcement was made today during the visit of the Governor of California, Gavin Newsom, to the Octopus Headquarters in London.

Thereby, 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 ;
• invest in heat batteries to fast-track the decarbonisation of hard-to-abate industries. The tech allows swapping polluting fossil-fuel boilers with systems powered by renewable energy".

In addition, the company will "acquire a solar and BESS project in California, aiming to help turn the state’s abundant sunshine into clean, cheap power. The project is expected to become fully operational by July 2026".

Octopus also declared that "this builds on…