Energy boss says China’s tech offers ‘golden opportunity’ for UK
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Octopus energy explains how customers can 'earn a bit of money' by using less electricity
Greg Jackson, CEO of Octopus Energy, has warned that the UK risks being “left behind” if it fails to collaborate with China on renewable technology.
He highlighted China's significant advancements in renewables and technology, suggesting that importing Chinese wind farm innovations could create thousands of UK jobs and enhance energy security.
Octopus Energy has already formed a joint venture with Chinese firm PCG Power and plans to deploy Chinese wind turbines, which are reportedly 30 per cent cheaper than European alternatives, in its UK projects.
Jackson acknowledged national security concerns but argued that working with China is a “golden opportunity” to reduce energy bills and boost the UK economy, while ensuring appropriate security frameworks.
The collaboration aims to reduce the UK's reliance on imported gas and bring down energy costs, with Octopus hoping to bring Chinese turbine technology to the UK within a couple of years.
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