How Octopus Energy is revolutionising Heat Pumps
We're on a mission to decarbonise UK homes, starting with one of the biggest carbon culprits: home heating. We think heat pumps are the answer!
90% of our heat pump quotes beat the national average cost
Apply below to see if your home is a good fit for a heat pump and generate an estimate cost.
Heat pumps give you the same heat with...
- Less energy. Heat pumps are 4x more efficient than even the best boilers (They can turn 1kWh electricity into up to 4kWh of heat)
- Less carbon. As well as being more efficient, they run on electricity, which is getting greener and greener every year.
- Less maintenance. A heat pump can last years longer than a boiler, and you cut down on pricey maintenance.
We're here to make your heat pump purchase simple
We're initially focussing on the most standard homes in England and Wales but we'll be spreading our tentacles to cover more homes and more regions later this year.
If you're ready to join us in the race to decarbonise heat, check out whether a heat pump would work in your home and get an estimate cost in the link above.
Why do we love heat pumps?
Heat pumps are almost magically efficient. They use a small amount of electricity to take natural, low-level heat from the air outside and condense it to generate significantly more heat in your home. They can turn 1kWh electricity into up to 4kWh of heat - that's 4x more than even the most efficient gas, electric or oil boilers!
This means already, you'll use roughly 1/4 of the carbon emissions you'd use with a boiler, but better yet, this will fall to zero carbon emissions when the grid goes 100% green.
Because they're so super efficient they require much less renewable energy than other alternatives (like pure electric boilers) and due to their inherent flexibility they can actually help reduce peak loads on the grid.
This interview with our heat pump boffin Peter gets into the nitty gritty of why heat pumps are so great.
What's been holding heat pumps back until now?
For a long time, heat pumps were a cottage industry, with only a few small, specialist installers, who may not have the scale or technical know-how to deliver an affordable heat pump solution for the masses. We're applying our resource and expertise to do just that, to help build a greener future for everyone.
We're investing to drive the heat pump revolution
We've invested £10m in the UK's first heat pump R&D & training centre. It's the home for all our heat pump training, research and development, where we build new innovations to deliver heat pumps to more homes at a fraction of the cost.
How are we bringing heat pump costs down?
Our massive R&D centre contains two full-size homes, which have been carefully built to represent the design of about 40% of homes in the UK. Here, our engineers can practice doing real-life installations and find new ways to streamline the installation process (meaning you pay for less time on site).
To tackle installer scarcity, we’re training an army of 1,000 green heat engineers (double the current UK capacity). As more engineers are trained and installations are scaled up, the price is expected to come tumbling down.
On the product side, we're working with manufacturers to strategically source key components and build a much more efficient supply chain, which will help to slash material costs.
What’s more, our team of engineers and scientists and are working hard to develop new innovations to help tackle some of the traditional challenges with heat pumps, to make heat pumps the "no brainer" replacement for gas boilers.
Thanks to our cost reduction programme and the government's Boiler Upgrade Scheme, we are now starting to offer heat pumps at similar cost to a gas boiler for most homes
Heat pumps can get even cheaper when combined with smart energy tariffs
We're also testing and trialling how heat pumps can be integrated with innovative smart tariffs like Agile Octopus to get even cheaper running costs. Heat pumps already cost around the same to run as gas boiler on average but we've found customers on a smart tariff can save up to 30% on their bills by running their heat pumps in the greenest, cheapest periods of the day.
Home heating cost competitiveness: comparing heat pumps to gas
That's with the tax distortion that exist at the moment - if environmental taxes were more fairly distributed across gas and electricity (something we're pushing hard for and government have committed to review in their Heat and Building Strategy) - savings would be even greater.
Join the growing number of people adopting heat pumps
We've already helped hundreds of customers on their journey to low carbon heating. We're initially focussing on the most standard homes in London, the midlands and the south east but we'll be spreading our tentacles to cover more homes and more regions later this year.
If you’d like to join us in the race to decarbonise heat, register using the link below and we’ll let you know as soon as we're offering heat pumps in your area!
Hey I'm Constantine, welcome to Octopus Energy!×Close window