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Tom Young
14 October 2021
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Octopus and RES to invest £3bn in UK green hydrogen

Partnership is evaluating several sites for construction of green hydrogen production and is in discussion with offtakers

Renewable energy firms Octopus Energy and RES have announced a partnership to invest £3bn ($4.1bn) to build new green hydrogen plants across the UK by 2030. The partnership is evaluating several sites for construction of green hydrogen production but has not made a final decision on any of them. “We are active on several promising projects. Octopus Energy and RES will be working with offtakers to locate the best options for them,” Octopus tell Hydrogen Economist. The partners have begun discussions with offtakers in the industrial sector, but no firm agreements have been signed yet. They are inviting other industrial users interested in hydrogen offtake to contact them about supply agreement

Also in this section
Letter from London: BP’s East Coast demand warning
2 December 2025
Oil major cites deteriorating demand and a planning debacle as it abandons one of UK’s largest blue hydrogen projects
EWE breaks ground on major green hydrogen project
1 December 2025
Project at Emden in northwest Germany due online in 2027, but wider ramp-up of clean hydrogen sector in Germany will require overhaul of government policy, company warns
Letter on hydrogen: The Mauritania model
25 November 2025
The northwest African country’s vision of integrating green power, molecules and steel is alive and kicking, and serves as a reminder of hydrogen’s transformative potential
Letter on hydrogen: Leading the way to demand
19 November 2025
The creation of ‘lead markets’ to generate hydrogen demand in the EU has potential, but implementation would pose complex challenges for producers and industrial offtakers

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