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

By Lena Dias Martins
May 15, 2023
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.

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.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“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.

7 April 2026
Dubai World Trade Centre, Dubai
Co-located with the extremely well renowned Middle East Energy Show, join us for the inaugural Energy Storage Middle East Summit in Dubai, April 2026, as we bring our world leading energy storage series to one of the world’s fastest-growing BESS markets. This landmark event will explore the Middle East’s trajectory to become the third largest storage market globally by 2026, with a special focus on the region’s ambitious renewable energy targets and BESS integration strategies.
15 September 2026
San Diego, USA
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.
13 October 2026
London, UK
Now in its second edition, the Summit provides a dedicated platform for UK & Ireland’s BESS community to share practical insights on performance, degradation, safety, market design and optimisation strategies. As storage deployment accelerates towards 2030 targets, attendees gain the tools needed to enhance returns and operate resilient, efficient assets.

Read Next

March 27, 2026
Iberdrola has added its 360MWh Broadsound battery energy storage system (BESS) to AEMO’s Market Management System (MMS).
Premium
March 26, 2026
BESS fund manager Gore Street Capital’s director of asset management Daniel Sherlock-Burke recently discussed the work it is doing around capturing and making use of its huge quantities of operational data.
March 26, 2026
Ukraine’s need for energy storage presents opportunities for brave investors, Energy-Storage.news hears from Vadym Utkin, energy storage lead at DTEK.
March 26, 2026
Transgrid has shortlisted nine utility-scale battery storage projects, totalling up to 2GW, to provide critical system strength services.
Premium
March 25, 2026
Ex-Fluence alumnus Marek Kubik sat down with Energy-Storage.news at last month’s Energy Storage Summit 2026 in London to talk big picture BESS technology trends, including energy density, LDES and sodium-ion.