Octopus Energy has chosen Horizon Energy Infrastructure as its sole non-domestic meter asset provider, building on the existing relationship between the two.
This partnership is to support business customers in switching to smart metering, with Horizon already financing smart meters as part of Octopus’ domestic smart meter programme.
Zoisa North-Bond, CEO of Octopus Energy for Business, said: “Businesses are responsible for a high proportion of UK emissions every year, so it is crucial that we involve them in the transition to a smarter energy system, enabled by products that allow companies to use cheaper green energy when the sun is shining and the wind is blowing.”
She added that smart meters give businesses more accuracy in their billing, as well as access to dynamic time-of-use tariffs and the ability to respond to pricing signals in the market.
As well as financing metering assets in B2B, Horizon is also exploring other adjacent technology financing opportunities with domestic and business energy suppliers through its Horizon Energy Ventures arm.
This includes technologies such as electric vehicle (EV) charging infrastructure, decarbonised heat, energy storage and microgrid development.
Horizon’s partnership with Octopus follows British Gas Business selecting IMServ as its preferred metering partner in December, while Shell Energy and smart energy infrastructure company SMS extended their exclusivity agreement for the installation of smart meters in the same month.