Floating offshore wind farms could be faster to build following an investment by Octopus Energy’s generation arm into Ocergy.

Ocergy uses an innovative approach to designing and manufacturing floating foundations, using lighter and modular designs to drastically reduce the time and cost of building, and make transport easier. The company also pioneers a hyper-local supply chain approach, working with local manufacturers.

The investment is made on behalf of Vector, Octopus Energy’s offshore wind fund launched at the end of last year, and Octopus’ investment will help commercialise Ocergy’s tech and expand into new markets.

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