Octopus Energy invests $513 million in Living Carbon for US carbon removals
Updated
Updated · The Wall Street Journal · Apr 30
Octopus Energy invests $513 million in Living Carbon for US carbon removals
13 articles · Updated · The Wall Street Journal · Apr 30
The deal includes a $13 million equity stake and $500 million for projects, enabling the California startup to expand reforestation targets to 250,000 acres across Ohio, Pennsylvania and West Virginia.
Octopus said rising energy demand, including from AI, is pushing companies to offset emissions, while Living Carbon already has offtake agreements with Microsoft and the Symbiosis Coalition.
The investment comes as the carbon-removals market faces uncertainty after Microsoft paused some new credit purchases, though Octopus sees long-term demand diversification and says the deal is part of a broader $1 billion California push.
Why is Octopus Energy betting big on carbon removal while major tech buyers are pausing purchases?
Can bioengineered forests truly offset the massive carbon footprint of the AI industry's explosive growth?
What are the long-term ecological risks of planting genetically engineered trees across 250,000 acres?