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In March 2021 the Financial Times listed Octopus at number 23 on their list of the fastest growing companies in Europe. [22] In July 2021, Octopus rose 12 places on the UK Customer Service Index to 17th, making it the only energy company in the Top 50. [23]
Octopus Energy was established in 2015 as a retail electricity and gas supplier in the UK, and by December 2019, had over 1.35 million domestic and business customers. . Under the Octopus Energy Group brand, it has expanded into energy for business and energy services, and licences its customer handling software to other energy supp
The company was established in July 2019 [2] and began trading in January 2020. [3] It is a wholly owned subsidiary of the Greater London Authority. [4] Gas, 100% renewable electricity and customer service are supplied by Octopus Energy. [5] The Authority states that any profits will be invested into delivering the Mayor's social and ...
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Closer to home, it recently became the largest domestic electricity supplier in the UK by customer numbers, after the company added 1.3 million customers via its takeover of Shell Energy last year.
Shell Energy Retail Limited was a British consumer gas, electricity and broadband provider. [1] Formerly a subsidiary of Shell, the business was acquired by Octopus Energy in December 2023. The company purchased gas and electricity from international markets for resale to consumers.
He founded Octopus Energy – a subsidiary of Octopus Group – in 2016, and by 2024 the company was valued at over $9 billion. [1] The company is now the largest energy supplier in the UK, the first company to supplant British Gas since market liberalisation in the 1990's [ 11 ] [ 12 ] [ 13 ] By 2024, Octopus Energy Group had raised over $2 ...
Bulb Energy Ltd., trading as Bulb, was an energy supply company in the United Kingdom acquired by Octopus Energy in 2022. Founded in 2013, the company attracted venture capital from DST Global and Magnetar Capital and ran at a financial loss while achieving rapid growth in customers. [ 3 ]