Nobuhiro Sugesawa, Chief Digital Officer at Tokyo Gas, comments: “Tokyo Gas has been advancing the retail electricity business in Japan through our joint venture, TG Octopus Energy, with Octopus Energy and most recently, we have started cooperating in renewable energy investments in Europe. Origin Energy CEO Frank Calabria said of the investment: “The success of Octopus since our initial investment in May 2020 has exceeded all expectations and cemented our belief in its unique capabilities and strong platform for future growth.” “With the renewed commitment seen at COP and our model proven, we will invest to accelerate our growth and create a truly global clean energy giant.”

This year, our non-UK business has more than doubled*** with Trustpilot scores of 4.8/5 in almost every country****.

“2023 saw us launch into heat pump installation and manufacture our own models – we now need to drive real scale. “We remain obsessive about customers - we’ve been awarded “Which? Recommended” an unprecedented 6 years in a row and according to consultants Bain**, Octopus Energy is rated 44 points higher than the next best company. Greg Jackson, Founder of Octopus Energy Group, 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. This new investment values the private company at $7.8bn ( £6.2bn), a 60% increase since its previous investment round in December 2021.Īustralian and Japanese giants Origin Energy and Tokyo Gas, one of the world’s largest pension funds, Canada Pension Plan Investment Board (CPP Investments), and sustainability-focused investors, Generation Investment Management are all participating in this round. LONDON-( BUSINESS WIRE)-Octopus Energy Group, the UK’s largest power supplier* and the owner of the Kraken technology platform, announces $800m (£625m) additional investment from its existing shareholders.

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