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Octopus Energy joins forces with Brazil’s Energisa in first foray into South America

Published 17/04/2024, 11:28
© Reuters.  Octopus Energy joins forces with Brazil’s Energisa in first foray into South America

Proactive Investors - Octopus Energy (LON:ORIT) is partnering with Brazilian electricity and gas utility Energisa Group (BVMF:ENGI11), a prominent electricity and gas utility in Brazil, to scale renewable energy access in South America’s largest country.

The collaboration will make use of Octopus’ proprietary technology platform Kraken, which is designed to reduce supply-chain costs while enhancing customer service levels.

As one of Brazil’s largest energy companies, Energisa serves over 8.5 million customers across twelve states.

Greg Jackson, founder of Octopus Energy Group, called it “a massive opportunity” that “can serve as a blueprint for similar countries and places with high fuel poverty”.

“Through a combination of methods, our budding partnership will help build the future green energy system in South America – with world-class efficiency and customer service at the heart,” said Jackon.

Ricardo Perez Botelho, chief executive of Energisa, added: “This agreement represents not only a collaboration between companies, but a joining of efforts towards a greater goal: driving the energy transition and bringing access to energy to communities that do not yet have it.”

Read more on Proactive Investors UK


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