Octopus Energy is a renewable energy group specialising in sustainable energy.
Octopus Energy is on a mission to make a big green dent in the universe by building a truly sustainable energy system globally.
Octopus Energy was founded in 2015 with the backing of British fund management company Octopus Group, a British asset management company. The company is headquartered in London, UK.
Octopus Energy Group is made up of 10 businesses spanning 6 countries across 3 continents, including: Octopus Energy Retail, Kraken Technologies, Octopus Energy Generation, Kraken Flex, Octopus Electric Vehicles, and the Octopus Centre for Net Zero.
Octopus' technology platform, Kraken, supports its own retail, generation and flexibility businesses and is licensed to other major energy players, including E.ON and EDF in the U.K. Collectively Kraken is licensed to support 25 million accounts globally.
Octopus’s technology has been licensed to support over 20 million customer accounts worldwide, through deals with EDF Energy, Good Energy, E.ON energy and Origin Energy.
Octopus is backed by Generation Investment Management, CPP Investments, Tokyo Gas, Origin Energy, Good Energy, Hanwha Corporation, nPower, E.ON, and others. The company raised $550M in new financing financing on Jul 27, 2022. This brings Octopus' total funding to $2.1B to date. Octopus was valued at $5B from a financing in Dec 2021.