Octopus Energy Group has joined forces with Brazilian utility Energisa Group to accelerate the deployment of affordable, green renewables on a large scale across Brazil.
The partnership will focus on three key areas: knowledge transfer, technology licensing, and potential joint ventures.
Energisa Group is one of Brazil's largest energy companies, serving more than 8.5 million customers across twelve states. Under its energy solution brand “(re)energisa,” the company boasts 363MWp of installed power in distributed solar generation and 93 operational plants in five states, along with 71MWp of centralized solar generation.
The collaboration will begin with the transfer of technological expertise, market insights, and best practices. The companies aim to optimize the management of Energisa's batteries and solar farms, unlocking efficiencies and enhancing customer service.
As a next step, the partnership will explore potential joint ventures in Brazil, which could include the launch of an energy retail business.
Greg Jackson, founder of Octopus Energy Group, expressed enthusiasm for the partnership, stating, “Octopus Energy and Energisa are teaming up to learn from each other, particularly in how cutting-edge technology can benefit Brazil and drive sustainable solutions in rural communities. This presents a significant opportunity and can serve as a blueprint for similar countries and regions with high fuel poverty.”
Ricardo Perez Botelho, CEO of Energisa, emphasized the strategic nature of the partnership, saying, “We are excited to announce this strategic partnership with Octopus Energy. This agreement represents not only a collaboration between companies but a convergence of efforts toward a common goal: driving the energy transition and expanding access to energy to communities that currently lack it. Together, we are committed to exchanging knowledge, exploring new business opportunities, and making a difference by promoting a more sustainable and inclusive future for the Brazilian people.”
