Octopus Energy Generation expands carbon removal partnership with Cultivo with an additional $60 million investment

The additional $60 million investment brings the total partnership value to $100 million. Quote: "bringing the partnership to $100 million." Cultivo has already enrolled more than 650,000 acres of U.S. grasslands, securing enough to remove 9 million tonnes of CO2 emissions over the next 30 years. Quote: "Cultivo said that it has already enrolled more than 650,000 acres of U.S. grasslands, securing enough to remove 9 million tonnes of CO2 emissions over the next 30 years." The announcement follows an initial partnership in early 2024, where Octopus Energy Generation participated in Cultivo’s $14 million Series A funding round and signed an agreement to deploy $40 million into natural capital projects. Quote: "The announcement follows the launch of a partnership between the companies in early 2024, with Octopus Energy Generation participating in Cultivo’s $14 million Series A funding round, and signing an agreement to deploy $40 million into natural capital projects." In December, Cultivo acquired carbon grasslands project developer Kateri. Quote: "In December, Cultivo acquired carbon grasslands project developer Kateri"