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[Funding alert] London-based Clean energy Tech Company Octopus Energy Group Secures €800M in Funding

London-based clean energy tech company Octopus Energy Group secures €800M in funding. Generation Investment Management, Origin Energy, Tokyo Gas, and the Canada Pension Plan Investment Board participated in the funding round, which valued the company at $7.8 billion (£6.2 billion).

London-based clean energy tech company Octopus Energy Group secures €800M in funding. Generation Investment Management, Origin Energy, Tokyo Gas, and the Canada Pension Plan Investment Board participated in the funding round, which valued the company at $7.8 billion (£6.2 billion).

The funds will be utilised by the company to expedite the growth and extension of low-carbon technology, particularly heat pumps, on a worldwide scale.

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Greg Jackson founded Octopus Energy, a renewable energy technology company that supplies energy products and customer assistance to 7.2 million households worldwide under its own retail brand. It covers the whole energy value chain and works in eighteen countries.

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The firm manages a portfolio of projects worth £6 billion and invests in, develops, and manages renewable energy in a flexible manner. Through licencing agreements with businesses including EDF, E.ON, and Origin Energy, Octopus has granted permission for its cutting-edge data and machine learning platform, Kraken, to service over 52 million client accounts worldwide.

Greg Jackson said: “Octopus Energy’s focus on customer service and technology has not only driven us to market leadership in UK power, but we’ve built the UK’s leading specialist electric vehicle leasing business, in just two years we’ve almost doubled our renewable generation portfolio to $7.6bn (£6bn), and tripled the contracted accounts on our technology platform Kraken from 17 million to 52 million“.

About Octopus Energy Group

Octopus Energy Group goal is to construct a truly sustainable energy system on a worldwide scale, thereby making an important contribution to the environment. That entails making electricity more economical, wiser, and environmentally friendly for all.

Their commitment to providing consistently fair prices, open communication, and exceptional customer service is centred around our customers. They promote system change by using disruptive technology to reduce the world’s dependency on fossil fuels and establish renewable energy as the standard.

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