Octopus Energy invests £ 200M in Deep Green

Octopus Energy has announced a £ 200M investment in Deep Green to help it rapidly scale its waste heat technology across the UK.

Deep Green ensures heat produced by data centres doesn’t go to waste and instead is used to provide free heat for energy-intensive organisations like leisure centres. By teaming up with Deep Green, a public swimming pool in Devon was able to slash its pool heating bill by over 60%. In return, Deep Green gets free cooling which provides it with a significant competitive edge over traditional data centres. This allows it to offer more affordable, highly energy-efficient computing to businesses across the UK.

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