Octopus to optimise Masdar’s £1 billion UK battery storage pipeline

By Lena Dias Martins
LinkedIn
Twitter
Reddit
Facebook
Email

UK-based utility Octopus Energy will optimise UK battery storage projects for UAE-based Masdar, which has committed to investing £1 billion (US$1.25 billion) in the country’s grid-scale market.

Octopus will provide its technology platform Kraken to optimise the projects for the state-owned renewable energy investor.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The agreement – signed by Mohamed Jameel Al Ramahi, CEO of Masdar and Greg Jackson, Founder and CEO of Octopus at the UAE Climate Tech Forum – follows Masdar’s commitment to invest £1 billion in UK battery storage after acquiring developer Arlington Energy in October 2022.

Octopus’ Kraken software will allow Masdar to control the performance of its batteries and enable them to store and discharge energy in the “greenest possible way.”

“Masdar and Octopus Energy share a common commitment to pioneering innovative clean energy solutions that disrupt and transform the energy market, and as we expand our presence in the UK energy sector, through our £1 billion investment in battery storage, Kraken will provide us with the flexibility we need to scale our business rapidly,” said Ramahi.

“Kraken’s experience and expertise in battery storage asset management will help us to maximize the value of our investments and support the UK’s ambitious energy transition goals.”

To read the full version of this story, visit Solar Power Portal.

11 November 2025
San Diego, USA
The 2024 Summit included innovative new features including a ‘Crash Course in Battery Asset Management’, Ask-Me-Anything formats and debate-style sessions. You can expect to meet and network with all the key industry players again in 2025 from major US asset owners, operators, RTOs and ISOs, optimizers, software and analytics providers, technical consultancies, O&M technology providers and more.

Read Next

Premium
May 21, 2025
ESN Premium speaks with Dr. Yinghuang Ji, head of structuring at MN8 Energy, on current challenges and opportunities for growth in the energy storage market.
May 21, 2025
Regulators in Germany are considering two big reforms that could improve the business case for BESS, while developer-operator Green Flexibility has announced its first major project.
May 21, 2025
Commissioning has commenced on the 111MW/285MWh Templers battery energy storage system (BESS) in South Australia.
May 21, 2025
Delivering on its 2025 election pledge, Australia’s Labor government has announced it will introduce the Cheaper Home Batteries Program from 1 July 2025.
May 20, 2025
Battery storage developers and owner-operators Eku, Alcemi, Field and Energy Optimisation Solutions (EOS) make UK project progress with finance and planning approvals.

Most Popular

Email Newsletter