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Octopus Energy has acquired a stake in One Hub Energy, consolidating a strategic alliance to boost the development of renewable energy and storage (BESS) projects in Spain.
One Hub Energy announces its strategic alliance with Octopus Energy, which has acquired a stake in the company through a fund managed by Octopus Energy Generation, Octopusβs renewables arm. The flagship fund called βSkyβ (ORI SCSp) is responsible for more than Β£2 billion (β¬2.3 billion) in renewable energy assets and reinforces its position in Spainβs fast-growing renewable energy market.
The collaboration consolidates One Hub Energyβs position as a trusted local partner in energy advisory and will accelerate investment plans in renewable and storage projects across Spain.
One Hub Energy already acts as a technical advisor to Octopus, actively supporting the fundβs investments β including a recent investment in 100 MW of solar projects in Spain. After transforming the UKβs energy market and creating 10,000 jobs, Octopus Energy is now making major strides in Spain. Since launching its retail business in 2021, Octopus has become the fastest-growing independent energy company in the country*, with over 350,000 customers β and continues to expand at record pace.
One Hub Energy stems from the transformation of One Solar, a firm that established itself as a strategic partner in renewable energy solutions, offering energy consulting, project modelling, M&A advisory, and supply chain management, supporting clients at critical stages of their energy investments.
Today, with its evolution into One Hub Energy, the company takes a qualitative leap, becoming an integrated company that combines proprietary technology with expertise in the storage and energy flexibility markets.
For One Hub Energy, this alliance is a major step forward that helps us fulfil our mission to support companies and institutions in the transition towards a cleaner, more flexible, and profitable energy model. With Octopusβ backing, we strengthen our ability to deliver high value-added solutions and accelerate renewable energy projects that contribute to Spainβs and Europeβs net zero targets.
- Eduardo Aguilar, CEO of One Hub Energy
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