Octopus Energy Group and Indian power transmission player Sterlite Power have partnered in an effort to help decarbonize the energy industry, marking the first U.K.–India energy partnership since the Green Grids announcement was launched in November 2021.
The companies will aim to build renewable-energy generation and storage assets in India and deploy affordable renewable power to large industrial, commercial users. The companies are hoping to also supply this cheap green power to domestic consumers once the necessary regulations are put in place.
Octopus and Sterlite Power will aim to create projects that will help drive down the needs for coal and natural gas, decarbonizing the country's energy demand.
“The transition to a smart, green energy system has been hampered by unwieldy grid systems that were built to control a few hundred power stations,” said Greg Jackson, CEO and founder of Octopus. “These systems are not fit to manage millions of electric