California's commitment to a clean economy has attracted a nearly $1 billion investment from Octopus Energy Generation, one of Europe's largest renewable energy investors.
According to Electrek, the funding from the United Kingdom-based energy giant will support a wide range of technologies, including carbon removal through grassland restoration and reforestation.
While the merits of carbon credits (which represent the reduction, avoidance, or removal of air pollution) are heavily debated, reputable projects do contribute to a cleaner, healthier environment, even if they are a complementary tool. To that end, several major tech companies have expressed their intent to purchase carbon credits from Octopus Energy-backed projects.
The funding will also support a solar and battery storage project slated to come online by July along with heat battery technology meant to replace fossil fuel boilers.
Outdated gas furnaces are much less efficient than modern solutions, so upgrading your system is one of the best ways to slash utility bills and protect yourself against rising energy costs. TCD's partners, including Mitsubishi, can help you understand your HVAC options and start lowering your home heating and cooling costs.
"With supportive policy and world-class entrepreneurship in and around Silicon Valley, it's an ideal place to back long-term investment partnerships that will benefit the U.K. economy," Octopus Energy Generation CEO Zoisa North-Bond said. "We're excited to expand Octopus internationally, backing the booming U.S. clean tech sector while bringing innovation, growth, and returns to the U.K."
Smart upgrades that slash monthly bills
Octopus Energy's investment demonstrates how promoting sustainable development can benefit local economies and individual consumers. If you're interested in lowering your energy bills with next-gen equipment, TCD has resources to get you started:
• Mitsubishi can help you find efficient heating and cooling solutions for your home and connect you with trusted installers
• Not ready to spend up front? Palmetto's $0 down HVAC leasing program can lower your energy costs by up to 50%
• TCD's HVAC Explorer makes it easy to access exclusive offers from preferred partners
Save $10,000 on solar panels without even sharing your phone number Want to go solar but not sure who to trust? EnergySage has your back with free and transparent quotes from fully vetted providers in your area. To get started, just answer a few questions about your home — no phone number required. Within a day or two, EnergySage will email you the best options for your needs, and their expert advisers can help you compare quotes and pick a winner. Solar panels can save you more than $50k over their 25-year lifespan, and EnergySage can help you save as much as $10k on installation. Which begs the question — isn't that worth an email or two? |
If you're on a budget, Palmetto's HVAC plans start as low as $99 per month and include 12 years of maintenance.
You can maximize your long-term energy savings by pairing electric appliances, such as an efficient HVAC unit, with solar panels. EnergySage can help you find the right system for your home and budget, saving you up to $10,000. By completing challenges with the free Palmetto Home app, you could unlock up to $5,000 in rewards for home upgrades.
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