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.

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

April 17, 2026
On 16 April, battery storage solutions provider Sigenergy was listed on the Hong Kong Stock Exchange (HKEX) under the stock code 06656.HK.
April 17, 2026
Hithium has signed a formal investment commitment to establish a manufacturing facility in Spain’s Navarre region.
April 17, 2026
Akaysha Energy has entered into a deal with Copenhagen Energy to advance “mega-scale” battery energy storage projects in Germany.
April 16, 2026
Czech investment group Wood & Company (Wood & Co) has hired construction and optimisation partners for large-scale battery storage projects in Finland and Sweden.
Premium
April 16, 2026
The attractiveness of the BESS market for M&A and investment, amidst a slowdown in activity, was discussed on a panel at the Energy Storage Summit 2026 in London.