{"id":333119,"date":"2026-02-02T15:49:30","date_gmt":"2026-02-02T19:49:30","guid":{"rendered":"https:\/\/inspenet.com\/noticias\/octopus-energy-lands-in-china-with-a-partnership-with-pcg-power\/"},"modified":"2026-02-02T16:55:13","modified_gmt":"2026-02-02T20:55:13","slug":"octopus-energy-lands-in-china-with-a-partnership-with-pcg-power","status":"publish","type":"noticias","link":"https:\/\/inspenet.com\/en\/news\/octopus-energy-lands-in-china-with-a-partnership-with-pcg-power\/","title":{"rendered":"Octopus Energy lands in China with a partnership with PCG Power"},"content":{"rendered":"\n

During the UK Prime Minister’s official visit to China, Octopus Energy announced a partnership with China’s PCG Power to launch Bitong Energy<\/strong>, a new joint venture that marks its entry into the world’s largest clean energy market. This partnership seeks to accelerate the global energy transition<\/strong> through cutting-edge technology solutions and international cooperation. <\/p>\n\n

Bitong Energy: 140 TWh of renewable energy by 2030<\/h2>\n\n

Bitong Energy’s goal is to commercialize up to 140 terawatt-hours (TWh) of green power per year<\/strong> by 2030, equivalent to all of the current annual production of renewable energy<\/a><\/strong> the UK’s current annual renewable energy production. The deal would generate around \u00a350 million in annual profits<\/strong>, with half of those profits going to the UK, reinforcing the role of energy as a bilateral economic driver. <\/p>\n\n

Guangdong to be the gateway to the Chinese market<\/h2>\n\n

Bitong Energy will begin operations in Guangdong<\/strong> province, considered China’s main spot market. From there, the plan calls for a gradual expansion nationwide<\/strong> as other regional markets are liberalized. <\/p>\n\n

The spot system allows power to be bought and sold in real time, and China has imposed mandates requiring at least 10% of electricity to be transacted under this model by the end of this year.<\/p>\n\n

British technology for a more efficient energy system<\/h2>\n\n

Octopus will contribute its leading energy optimization software<\/strong>, capable of maximizing the performance of battery fleets and renewable plants. This technology will be critical to meet the projected 33% growth in Chinese electricity demand over the next five years<\/strong>. <\/p>\n\n

\n

Our partnership with PCG aims to export our world-class energy capabilities to drive growth in our economies and accelerate the transition to cheaper, cleaner and more secure energy.<\/p>\nGreg Jackson, CEO of Octopus Energy.<\/cite><\/blockquote>\n\n

A new chapter in the internationalization of Octopus Energy<\/h2>\n\n

The creation of Bitong Energy is not an isolated move, the company has built a track record of international collaborations<\/strong> aimed at exporting British innovation in clean energy.<\/p>\n\n

Among its recent achievements are partnerships with BYD to integrate electric vehicles<\/a><\/strong> to the grid as mobile storage, and its role in the entry of Chinese manufacturers such as XPENG, Geely, OMODA and Jaecoo<\/strong> into the UK market.<\/p>\n\n

With a presence in 27 countries<\/strong>, more than 11 million customers<\/strong> and a renewables portfolio of \u00a37 billion<\/strong>, Octopus consolidates its position as one of Europe’s most influential energy companies.<\/p>\n\n

A \u00a3500 million valuation in five years<\/h2>\n\n

Bitong Energy has set a target of reaching a valuation in excess of \u00a3500 million<\/strong> within five years. This expansion represents not only a new financial milestone<\/strong> for both companies, but also a sign of the growing role of UK energy technology in international markets. <\/p>\n\n

The partnership between Octopus and PCG Power demonstrates that the future of energy is about global collaboration, intelligent software and a commitment to sustainability.<\/p>\n\n

Source: Octopus Energy<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

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