Octopus Power has teamed up with Nationwide Grid in a bid to hurry up the rollout of warmth pumps, electrical automobile (EV) chargers, and photo voltaic panels in prospects’ properties, inking an settlement the 2 companies declare might shave weeks off the set up course of.
Underneath the deal introduced yesterday, Nationwide Grid Electrical energy Distribution has agreed to permit Octopus Power engineers to improve the fuse on a family’s incoming electrical energy provide themselves similtaneously they’re putting in residence inexperienced power gadgets.
The extra energy required by warmth pumps, EV chargers, and photo voltaic panels requires a family’s electrical energy fuse to be upgraded – a activity that’s normally carried out by the native distribution community operator and may due to this fact add weeks to the set up course of.
The 2 companies declare that by permitting Octopus Power’s educated installers to undertake the improve it might might speed up the set up course of by as much as 10 weeks.
Furthermore, Nationwide Grid stated it had assessed and pre-approved Octopus Power warmth pumps for set up throughout its electrical energy community, doubtlessly saving as much as 5 weeks on a course of which usually entails checks to ensure the native grid is ready to accommodate the additional energy wanted.
Cordi O’Hara, president of Nationwide Grid Electrical energy Distribution, stated the variety of EV chargers put in on its community had elevated eight-fold over the previous 5 years, and the variety of warmth pump installations had tripled, underscoring the necessity to velocity up the connection course of in response to rising demand from prospects.
“These new modifications to the fuse improve course of are a part of our dedication to make it even simpler for patrons to attach low carbon applied sciences,” she stated.
Nationwide Grid has dedicated to making sure prospects are in a position to hook up with low carbon applied sciences swiftly whereas complying with Ofgem’s regulatory necessities, and claims its community is able to help not less than a further 1.5 million EVs and 600,000 warmth pumps by 2028.
Yesterday’s settlement builds on a earlier pilot of the speeded-up course of carried out by Octopus Power and UK Energy Networks final 12 months.
Alex Schoch, head of flexibility at Octopus Power, stated the brand new partnership would assist to convey warmth pumps, EVs, and photo voltaic into properties “quicker and cheaper, turbocharging the UK’s transfer to an electrified future”.
“By upgrading fuses alongside clear tech installations, we’re not solely saving Nationwide Grid Electrical energy Distribution sources, but in addition giving our prospects again priceless time,” he stated. “It is a win-win that highlights how crucial collaboration is on our path to web zero.”
The information comes simply days after Octopus Power upgraded its buyer reward scheme, providing prospects who minimize their power use throughout peak instances or often examine their meter readings discounted Odeon cinema tickets, sizzling drinks from Greggs, and day passes at Nationwide Belief properties.
It additionally comes shortly after the agency final month reported its first ever annual web revenue, raking in £203m in 2023 after its revenues tripled to £13bn.
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