00:00So what do British businesses want to see come out of this meeting?
00:03Let's talk now to Zoe.
00:05Lisa Northbond, who's CEO of Octopus Energy Generation.
00:08Good to see you back on the program.
00:10So what kind of agreements would you like to see come out of this?
00:15What would you like people to be talking about, discussing in this meeting?
00:20I think very much along the lines of, have been highlighted just there, where we're looking for.
00:25A robust and open dialogue, where we can air issues transparently.
00:30Obviously mutual economic benefit, but I would add to that, speaking.
00:35To you from a renewable energy company, inspiration about China's renewable.
00:40We cannot ignore the growth that China has.
00:45We've seen in renewables.
00:46They added, I think, five times more renewables than we did in Europe.
00:50Europe last year, which is unbelievable.
00:55At unbelievable costs.
00:56So China has very, very low energy prices.
01:00About five times lower than the UK, I think we have some of the highest prices.
01:05Energy prices in Europe, so I would love to be inspired and to be having.
01:10Some kind of two-way exchange around not only amazing planning.
01:15Systems and setting great targets, as we're known as doing in the UK, but really.
01:20Learning a bit more about how that deployment has happened so rapidly in China.
01:25Well, Octopus has a partnership, doesn't it, with a Chinese company that could end up seeing their time.
01:30Turbines installed in the UK, the government here has raised some security concerns about the land.
01:35Allowing Chinese companies to be involved in the energy sector, what would you say to the UK government?
01:40Look, it's, we can't be naive.
01:45There are security risks potentially attached to this, but it's all things that we feel.
01:50Can be overcome, looking to things like providing software that wraps...
01:55...with Chinese hardware, and this is a model that we've seen time and time again, with many devices...
02:00...so from laptops to mobile phones, turbines are really no different.
02:05We have to kind of stand back and look economically at this and...
02:10...and you look at being able to source wind energy turbines from China.
02:14The fact of the...
02:15...so what matters is, they can be 50% less in some instances, than we can find in...
02:20And this isn't about either or, it's about allowing all sorts of...
02:25different innovations into the market.
02:28Those cheaper turbines...
02:30have this great ability to be able to lower energy prices.
02:34That's something that's super...
02:35super important right now.
02:36So you've said you like to be inspired by what China...
02:40is doing.
02:41What future opportunities do you see for collaboration with Chinese companies, both in the...
02:45the energy sector and perhaps more broadly for British businesses?
02:48Yeah, look to you...
02:50build more renewables and bring more renewables onto the system.
02:54We have to start...
02:55looking to enable us.
02:56So that's Smarter Grids.
02:57It's getting more EVs onto the road.
03:00which can soak up excess capacity but also can store lots of...
03:05energy and batteries for homes and make businesses more secure in the way that they can...
03:10receive 24-7 power from green energy.
03:13China has been hugely...
03:15inspirational...
03:16not only in its EV program but renewables as well.
03:19So...
03:20I think we're very optimistic into the future.
03:23We want to be doing more of that as...
03:25we all really have relationships across the sector with companies like BYD.
03:30Long Yi in the solar space, Mingyang, with wind turbines.
03:35hopefully into this year.
03:37So we hope to see even more of those collaborations.
03:40Zoesa, great to speak to you.
03:41Thank you very much for coming on the program.
03:43That's Zoesa Northbond from Oxford.
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