Brewing up savings: Caffè Nero becomes Octopus Energy’s biggest business customer

• Hundreds of Caffè Nero UK stores to be powered by the breeze and sunshine
• Octopus estimates its ‘Electric Match’ tariff could create a ‘latte’ savings, slashing Caffè Nero’s bills by up to 17%
• Deal marks latest step in the companies’ strategic sustainability partnership which generates benefits for customers and the environment

London, Wednesday 21st August 2024 – Premium coffee house, Caffè Nero has become Octopus Energy’s biggest business customer, sourcing 100% green electricity to brew coffee with the power of the breeze and sunshine.

The independent family-owned coffee group is switching more than 630 stores in the UK to Octopus’ innovative ‘Electric Match’ tariff to make the most of affordable green energy. This includes hundreds of Caffè Nero stores and its Roastery, as well as stores in the UK from the other brands in The Caffè Nero Group, Harris+Hoole and Coffee#1.

The Caffè Nero Group’s energy will be sourced from three British solar and wind farms in Yorkshire, Wales and Lincolnshire, which are managed by Octopus Energy’s generation arm.

Enabled by Octopus’s cutting-edge tech platform Kraken, this smart tariff unleashes significant savings. With half-hourly price updates, Caffè Nero will get a transparent and real-time cost of energy, often below wholesale prices.

By tapping into abundant wind and solar power when it is cheapest, Caffè Nero can shift its energy usage to these optimal times, maximising savings. Octopus estimates that its ‘Electric Match’ tariff could slash Caffè Nero’s annual electricity bills in the UK by up to 17%.

This direct link to British green energy sites will also help Caffè Nero improve its Scope 2 reporting through a traceable and time-matched green energy supply.

Zoisa North-Bond, CEO of Octopus Energy for Business, said: “Caffè Nero’s stores have been at the forefront of the coffee market for decades and we are thrilled to be strengthening our existing partnership with them. Through our ‘Electric Match’ tariff, we’re not only supplying Caffè Nero with some of the cheapest and greenest homegrown power, we’re also brewing up major savings for them.”

Will Stratton-Morris, Caffè Nero UK CEO, commented: “I’m delighted we’ve strengthened our strategic partnership with Octopus Energy. The response to the rewards programme we launched earlier this year has been hugely positive and it’s great to be able to work together further to drive an environmental benefit to our customers and teams. I’m excited about where this partnership can lead.”

The strategic partnership between Octopus and Caffè Nero began earlier this year, with the aim of promoting a more sustainable future for customers and employees.

This latest news builds on the perks Octopus Energy customers already enjoy, such as a complimentary drink at Caffè Nero stores through the ‘Octoplus’ rewards scheme.

-ENDS-

Notes to editors:

Press Contacts

Octopus Energy Group

Amy Boekstein

PR Manager

press@octoenergy.com

+44 (0)20 4530 8369

About Caffè Nero

• Caffè Nero is the largest independent coffee house group in Europe.
• The Nero Group and Caffè Nero remain family owned and operated businesses.
• The Nero Group operates over 1,000 stores across 10 countries
• The Group has more than 620 Caffè Nero stores across the UK.
• The Nero Group currently employs over 7,000 people in the UK
• Since 2016, through its charitable foundation, Caffè Nero has donated over $850,000 to UK and international humanitarian causes, as well as supporting and funding coffee farmers in the communities which produce Caffè Nero’s green coffee beans
• Caffè Nero was founded by Gerry Ford in 1997 and he continues to be the Group CEO.

About Octopus Energy for Business

Octopus Energy for Business launched in 2018 to provide companies with future-proof energy services, supplying them with 100% renewable and fairly priced power. The team supplies 85,000 customers, from SMEs to large organisations such as the Emirates Stadium for Arsenal FC. For more information, check out our website.

About Octopus Energy Group

Octopus Energy is a global clean energy tech business, driving the affordable, green energy system of the future. Under its own retail brand, Octopus delivers world-class customer service and cutting edge energy products to 8 million households globally. Its operations span 18 countries and the entire energy value chain. The group invests in, builds and flexibly manages renewable energy, operating a £7 billion portfolio of projects.

Octopus has licensed its advanced data and machine learning platform, Kraken, to support over 54 million customer accounts worldwide through licensing deals with companies such as EDF, E.ON and Origin Energy. Kraken enables Octopus to drive the electrification of heat and transport through smart tariffs and innovative cleantech. Backed by pension funds, investors and energy giants, Octopus Energy Group businesses deliver cheaper, greener energy and cutting-edge tech to countries and customers worldwide.

For more information, check out our website.