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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.
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 suppliers. [5]
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 ...
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.
Octopus Renewables Infrastructure Trust (ORIT) is a British investment trust which invests in renewable electricity generation assets in countries in Europe and Australia. [1] It floated on the London Stock Exchange in December 2019, raising £350m.
Due to the astronomical increase in energy demand in recent years, the state has a power deficit which is estimated to be approx. 11.9% as of Feb 2009. To meet the ever-increasing energy demand, TNEB has proposed a number of next-generation projects to be constructed over the next 5 years. The company operates four large thermal power stations:
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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 ]