Renewable energy supplier and technology firm Octopus Energy has entered a partnership with leading wind turbine manufacturer Ming Yang Smart Energy, in an agreement that could deliver affordable wind energy and bring down bills for British households.
Building on the first UK-China Joint Economic and Trade Committee (JETCO) in seven years, the partnership “aims to dramatically reduce the cost of wind energy in the UK” said an Octopus announcement on 11 September.
As part of the agreement, Octopus said it will explore the implementation of software to create the highest levels of data protection and cyber security in combination with Ming Yang’s cutting-edge offshore and onshore wind turbines.
In addition, Octopus Energy Generation, the renewables arm of Octopus Energy, plans to deploy Ming Yang’s wind turbines to unleash the development of up to 6 GW of local energy capacity identified through Octopus’s match-making platform ‘Winder’.
Designed to speed up the development of onshore wind farms, ‘Winder’ connects wind-enthusiastic communities with landowners to locate suitable sites for turbines, delivering energy where it’s needed most while easing stress on the grid.
Since its launch in 2022, Winder has found enough potential locations to power nearly 5 million homes with clean, homegrown energy.
Initially focused on onshore wind, the partnership will also explore expanding into other energy solutions, including solar power and battery storage systems.
Octopus is one of Europe’s largest investors in wind, managing nearly 5 GW of renewable energy globally, including 1.5 GW in onshore and offshore wind projects.
Zoisa North-Bond, CEO of Octopus Energy Generation, said: “The UK is already a leader in wind, and this partnership with Ming Yang is a core pathway to deliver some of the cheapest and most secure energy the UK has seen.
“By combining Octopus’s expertise in smart technology and software with outstanding wind turbines, we can optimise every kilowatt and cut energy costs for millions of bill payers.”
Angie (Chao) Zhang, Director, Vice President of Ming Yang Smart Energy, said: “Ming Yang and Octopus share a strong commitment to making clean energy affordable, reliable, and accessible.
“As a global leader in wind technology, Ming Yang is committed to accelerating the energy transition through innovation and community-focused solutions. This partnership marks an exciting step forward in delivering safe, efficient renewable energy to local communities across the UK”.
