Governor Gavin Newsom has announced an expanded partnership between California and the UK “to tackle climate change and promote sustainable development together.” During a recent visit to the UK, the Governor and UK Secretary of State for Energy Security and Net Zero Ed Miliband, signed a Memorandum of Understanding (MOU) “deepening cooperation on climate.”
Governor Newsom also paid a visit to Octopus Energy, a retail supplier of renewable electricity, which was founded in the UK and has operations in nine countries, including in Texas. Octopus plans to invest nearly $1 billion in California companies and projects focused on “clean technologies and nature-based solutions.”
“Octopus and California are both leading the way in clean energy innovation,” said Octopus Energy Generation CEO Zoisa North-Bond. “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 UK economy. We’re excited to expand Octopus internationally, backing the booming US clean tech sector while bringing innovation, growth and returns to the UK.”
Source: California Governor’s Office
