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Octopus Energy Group is a British renewable energy group. It was founded in 2015 with the backing of Octopus Group, a British asset management company.Headquartered in London, the company has operations in the United Kingdom, France, Germany, Italy, Spain, Australia, Japan, New Zealand and the United States.
The company is now the second largest energy supplier in the UK, and has expanded to other markets including Japan and Australia. [ 10 ] [ 11 ] [ 12 ] The Financial Times reported in 2023 that "Octopus’s credentials as a disrupter have helped win the backing of investors including Generation Investment Management , chaired by former US vice ...
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Serving around ten million homes in the United Kingdom, British Gas was the largest energy supplier in the country until 2024 when it was overtaken by Octopus Energy. [6] It remains the largest gas supplier. It is considered one of the Big Six dominating the gas and electricity market in the United Kingdom. [7]
Octopus charges about £9,200 for installing 10 panels and a five kilowatt hour (kWh) battery. Octopus Energy launches ‘buy now pay later’ for its solar panels (Leon Neal/PA)
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Octopus Energy’s valuation has jumped to nine billion US dollars (£7.2 billion) after two of its biggest investors increased their stakes in the business. ... Bill Rogers, global head of ...