Octopus Energy has announced a significant new partnership with Volkswagen Group. The deal encourages VW customers to reduce carbon emissions and Electric Vehicle (EV) running costs by switching their home electricity and gas supply to the UK's fastest growing green energy provider.
Transport's continuing reliance on fossil fuels has seen it remain the largest source of carbon dioxide emissions by any industry in the UK, accounting for 34% of all emissions in 2019. Volkswagen will be offering customers in the UK who move to Octopus Energy's renewable energy tariffs and purchase an electric vehicle a credit of up to £90 to their energy account. For the ID.3, Volkswagen's newest electric car, this equates to 8,000 clean, green, free miles. The offer will also be available to existing Octopus Energy customers who purchase an EV from one of the participating Volkswagen brands. For further information see the IDTechEx report on Charging Infrastructure for Electric Vehicles and Fleets 2021-2031.
Greg Jackson, CEO and founder of Octopus Energy, commented "Tackling climate change means focusing on the biggest polluters, so switching transportation from dirty fossil fuels to clean green power has to be top of the agenda. It's super exciting to see the world's largest car manufacturer fully commit to electric vehicles - the only way to decarbonise our roads and protect our planet. Our partnership with Volkswagen is an important step towards transitioning to a renewable energy future globally, and we can't wait to get started."
Octopus Energy has been driving the UK's transition to electric vehicles for more than two years. Launched in June 2018, it's revolutionary Octopus Go tariff was the UK's first 'time of use' tariff designed specifically for EV owners, offering four hours of cheap green electricity at 5p/kWh every night.
The partnership began with Volkswagen on 18 September 2020, with the Group's Audi, SEAT, ŠKODA and Cupra brands, following in the Autumn.
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About Octopus Energy Group
Octopus Energy Group was launched in 2016 with a vision of using technology to make the green energy revolution affordable whilst transforming customer experiences. Its domestic energy arm already serves over 1.6 million customers with cheaper greener power, through Octopus Energy, M&S Energy, Affect Energy, London Power and Co-op Energy.
Octopus Energy for Business manages over 20,000 customers with proprietary energy offerings. Octopus Electric Vehicles is helping make clean transport cheaper and easier, and Octopus Energy Services is bringing smart products to thousands of homes. All of these are made possible by OEG's tech arm, Kraken Technologies, which offers a proprietary, in-house platform based on advanced data and machine learning capabilities, Kraken automates much of the energy supply chain to allow outstanding service and efficiency as the world transitions to a decentralised, decarbonised energy system. This technology has been licensed to support over 10 million accounts worldwide, through deals with Good Energy, E.ON energy, Hanwha Corporation, and Origin Energy.
In April 2020, Octopus Energy Group became a UK tech unicorn, valued at £1 billion following an investment from leading Australian energy company Origin Energy. With operations in Germany and Australia, Octopus Energy Group's mission to drive the affordable green revolution is going global.
Source: The Blakeney Group
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