Octopus Hydrogen, Innova and Novus to produce green hydrogen in UK
Octopus Hydrogen will be combining the full value chain from production, optimisation and delivery to end-users in the transport sector.
Octopus Hydrogen has partnered with Innova Renewables and Novus to build green hydrogen production facilities in the UK.
Innova and Octopus Hydrogen have agreed to develop hydrogen production facilities at selected sites for green hydrogen generation. The facilities will be directly connected to on-site renewable energy generations purchased via long term power purchase agreements. Green hydrogen will also be supplied to local businesses. Novus has already been working with Innova Renewables to build 4 GW of renewable (solar and wind) and battery capacity across the UK.
Octopus Hydrogen will design, build and operate hydrogen production at several of Innova’s renewable generation sites across the country, installing electrolysers, compression and mobile hydrogen storage. Electrolysers will typically be between 2 MW and 20 MW in scale, producing between 500 kg/day and 2500 kg/day of green hydrogen.
Octopus Hydrogen’s optimisation software will be used to control electrolysis. It will help balance the grid by choosing the best times to use green electricity to produce hydrogen, enabling the commercial viability of the plants.
The partnership is expected to increase the amount of green hydrogen available in the UK by around 25 tonnes/day, enough to decarbonise over 500 long haul HGV’s.
Will Rowe, Founder and CEO of Octopus Hydrogen, said, “Partnering with Innova and Novus will allow us to develop and establish our decentralised model for green hydrogen production in the UK.”
Robin Dummett, Founder and MD of Innova, stated, “Our partnership with Octopus Hydrogen is a key element in our strategy to develop renewable energy hubs across the UK and will help us accelerate the deployment of our 4GW pipeline.”
Ryan Adams, Director of Novus, commented, “We hope to begin making the green hydrogen economy a reality.”
Octopus Hydrogen is a subsidiary of British renewable company Octopus Energy Group; Innova Renewables is a private equity-backed solar energy company; Novus Renewable Services operates as a development consultancy.
