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Octopus Energy has launched a joint venture to slash energy costs for businesses. Octopus, which is rivalled by British Gas, EDF, EON, Ovo and more, has teamed up with German Energiequelle.

The joint venture OQTO-X will cut energy costs for businesses in Germany, Austria, Poland and the Czech Republic, it is hoped.

It will let businesses save by planning and installing solar panels and large-scale batteries, overseeing financing, and helping them efficiently manage the generated energy. The business aims to invest €200 million (£173m) by 2030 through Octopus’s landmark‘ Sky fund (ORI SCsp), helping to slash industrial carbon emissions and energy costs.

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Germany, home to energy-intensive sectors such as

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