One Hub Energy, backed by Octopus Energy Generation

An alliance to drive the energy transition

Octopus Energy has acquired a stake in One Hub Energy, consolidating a strategic alliance to drive the development of renewable energy and storage (BESS) projects in Spain.

• The investment is made through Octopus Energy Generation's Sky fund (ORI SCSp), which manages over £2 billion (€2.3 billion) in renewable assets and aims to accelerate the growth of One Hub's digital solutions.
• One Solar evolves into One Hub Energy, an integrated company supporting IPPs, utilities and investors across the entire energy asset lifecycle, uniting energy advisory services with advanced technology for energy-market simulation and forecasting.
• The operation reinforces One Hub Energy's role as a leading energy advisory firm, thanks to its technical, regulatory and financial expertise that accelerates investment in renewables and energy flexibility.

With this operation, Octopus Energy Generation strengthens its position in the fast-growing Spanish market. The collaboration consolidates One Hub Energy 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 Octopus's technical advisor, actively supporting the fund's investments, including a recent investment in 100 MW of solar projects in Spain. After transforming the UK energy market and creating 10,000 jobs, Octopus Energy is now taking important steps in Spain, where it has become the fastest-growing independent energy company since launching its retail business in 2021, with more than 350,000 customers.

One Hub Energy: a local partner with a global vision

One Hub Energy emerges from the transformation of One Solar, a firm consolidated as a strategic partner in renewable energy solutions, offering energy advisory, project modelling, M&A advisory and supply-chain management. With its evolution into One Hub Energy, the company takes a qualitative leap, becoming an integrated company that combines proprietary technology with expertise in storage and energy-flexibility markets.

Statement of intent

"For One Hub Energy, this alliance is a major step forward that helps us fulfil our mission of supporting companies and institutions in the transition towards a cleaner, more flexible and profitable energy model. With Octopus's backing, we strengthen our ability to deliver high value-added solutions and to accelerate renewable energy projects that contribute to Spain's and Europe's climate-neutrality goals."

— Eduardo Aguilar, CEO of One Hub Energy