About HYRO

HYRO Energy Limited is a newly incorporated joint venture company between RES and Octopus Energy Generation to deliver a home-grown, reliable and cost-competitive source of clean hydrogen from renewables.

Together, RES and Octopus Energy Generation will use their collective expertise and capital to develop, own and operate new cost-competitive and reliable green hydrogen plants fuelled by clean, renewable energy.

The aim of the joint venture is to make the most of green electrons when they are generated in abundance on sunny and windy days, turning this into green hydrogen, and boosting the UK’s energy security. They’re targeting investing £3bn to build new green hydrogen plants across the country by 2030 to enable industrial businesses who aren’t able to electrify their processes to switch to green hydrogen, and quite polluting fossil fuels once and for all.

Not only will HYRO work with large industrial businesses who want to be leaders in decarbonisation, the projects it develops will help support the Government’s ambition to have 10GW of hydrogen from low carbon sources. This will also create new high skilled jobs which contribute to levelling-up Britain’s economy and help position the UK as a real leader in low-carbon innovation.

For more information about RES, click here.

For more information about Octopus Energy Generation, click here.