Key Takeaways
- Octopus Energy Generation increased its capital deployment with Cultivo from $40M to $100M, adding an additional $60M to accelerate grasslands regeneration and carbon removal projects across the U.S.
- Cultivo has enrolled over 650,000 acres of grasslands and secured enough land to remove 9 million tonnes of CO2 emissions over the next 30 years.
- The partnership focuses on restoring soil health and creating high-quality, nature-based carbon credits aligned with Core Carbon Principles across thousands of hectares.
- Cultivo recently acquired Kateri, a leading carbon grasslands project developer, to enhance its tech-driven capabilities including virtual fencing and AI-powered platforms.
- The company is targeting 2 million acres of enrolled grasslands this year, building on a successful two-year collaboration with Octopus Energy Generation that began in January 2024.
Cultivo Expands Carbon Removal Operations
Berkeley-based Cultivo, a platform for developing and operating natural assets at scale, announced that renewable energy investor Octopus Energy Generation has expanded their partnership with an additional $60M capital deployment, bringing the total agreement to $100M. The enhanced partnership builds on an initial $40M commitment established in January 2024 when Octopus Energy Generation provided Series A funding to Cultivo.
The expanded funding will accelerate Cultivo's grasslands regeneration and carbon removal projects across the United States and beyond. The company has already enrolled over 650,000 acres, equivalent to the land area of Rhode Island, and is positioned to surpass 2 million acres this year.
Leadership Vision for Natural Asset Development
“Our partnership with Octopus Energy Generation has been transformational. The increase of their capital allocation to $100 million validates our strategy of building a vertically integrated, institutional-grade platform for U.S. natural assets and signals a new era for grasslands,” said Dr. Manuel Piñuela, Cultivo CEO & Co-Founder.
