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Uk Renewables Startup Octopus Joins Silicon Valley In Smart Energy Push

by businessinsider.com posted 1month ago 12 views
Octopus Energy will team up with a Silicon Valley tech company to make renewable energy cheaper. Customers can turn off heating during peak price times, control their energy usage remotely, or charge electric vehicles more cheaply. Octopus Energy, a UK renewable energy company backed by £7 billion ($8.8 billion) fund Octopus Capital, is set to announce an integration with If This Then That (IFTTT) to enable customers to automatically adjust energy usage based on changes in price. Based in San Francisco, IFTTT has raised $62.5 million in venture capital funding from investors that include the firm Andreessen Horowitz and Salesforce.

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