Octopus Energy’s generation arm has announced a £200 million ($255 million) investment in London-based tech disruptor Deep Green to help it rapidly scale its groundbreaking technology across the United Kingdom.
Processing data generates a lot of heat. The business model pioneered by Deep Green means this heat doesn’t go to waste and instead is used to provide free heat for energy-intensive organizations such as leisure centers. By teaming up with Deep Green, a public swimming pool in Devon was able to slash its pool heating bill by more than 60 percent. In return, Deep Green gets free cooling, which provides it with a significant competitive edge over traditional data centers. This allows it to offer more affordable, highly energy-efficient computing to businesses across the United Kingdom.
Deep Green’s customers require data center processing for a range of uses including AI, machine learning, video rendering and cloud applications. Deep Green’s current custo
