Octopus Energy Group, is partnering with Brazilian utility Energisa Group to rapidly deploy cheap, green renewables at scale across Brazil.
The partners will take a three-pronged approach – focusing on knowledge transfer, tech licensing and potential joint ventures.
Energisa is one of Brazil’s largest energy companies, serving over 8.5 million customers across twelve states.
Through “(re)energisa”, the company’s energy solution brand, Energisa Group holds 363MWp of installed power in distributed solar generation and 93 operational plants in five states of Brazil and 71MWp of centralised solar generation.
Following the transfer of tech expertise, market insights and best practice examples, the companies will work together to optimise the management of Energisa’s batteries as well as solar farms, unlocking efficiencies, while delivering greatly better service to customers.
As a final step, the companies will explore the viability of potential joint ventures for Brazil which may include launching an energy retail business.
Greg Jackson, founder of Octopus Energy Group, said: “Octopus Energy and Energisa are linking up to learn from each other, especially how cutting-edge tech can benefit Brazil and how to drive sustainable solutions in rural communities.
“This is a massive opportunity and 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.”
Ricardo Perez Botelho, chief executive of Energisa, added: “We are excited to celebrate this strategic partnership with Octopus Energy.
“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.
“Together, we are committed to exchanging knowledge, exploring new business opportunities, and making a difference, promoting a more sustainable and inclusive future for the Brazilian people.”