Renewable energy investor Octopus Energy Generation has increased its capital commitment toward natural asset developer Cultivo, allocating new $60 million for this partnership.
With this move, Octopus Energy Generation has rounded up the total sum invested in Cultivo to $100 million, adding to a previous commitment of $40 million made during Cultivo’s Series A funding round.
The financial means will support the scale-up of Cultivo’s grasslands restoration and carbon removal projects across the United States, through which the two partnering companies also aim to generate high-quality carbon removal credits for global markets.
To date, Cultivo has managed to create a pipeline of grassland operations on a territory of over 650,000 acres in the United States. Within the next year, the company expects to surpass 2 million acres of land enrolled in its restoration programs.
Cultivo estimates that its current portfolio of grassland projects will be able to remove approximately 9 million tonnes of carbon dioxide over the next three decades by applying improved land management practices that will increase the CO2 storage in soils.
Grasslands hold a substantial carbon removal potential. In the United States, pasture and rangelands are the country’s largest land-use category, covering approximately 659 million acres, and on a global level, grassland ecosystems store more than one-third of the world’s terrestrial CO2.
Due to their climate change mitigation potential, soil carbon projects have attracted the attention of both land stewards and multinational buyers working on sustainability strategies.
Their climate importance has also been underlined by the United Nations, who declared 2026 as the International Year of Rangelands and Pastoralists, highlighting the key role of grassland ecosystems for global food security, ecosystem stability, and CO2 sequestration.
Relevant: New Study Finds Removing Livestock From Grasslands May Compromise Soil Carbon Sinks
The partnership between Octopus Energy Generation and Cultivo also signals a climate finance shift in which large-scale institutional capital is now flowing into ecosystems once viewed primarily in a conservation context.
Alex Brierley, co-head of Octopus Energy Generation’s fund management team, stated, “By putting meaningful capital into natural capital projects, we can support ranching communities, strengthen these vital landscapes, and develop grasslands into global assets. It’s been fantastic working with Cultivo, and we’re excited to support them in this next phase of growth.”
Read more: UK’s Octopus Energy Invests $1B In CDR And Clean Energy Tech In California
