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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.
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 ...
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
In October 2019, Shell Energy agreed to the £10.5m purchase of the customers of Green Star Energy, a brand of Canada's Just Energy. Green Star had around 200,000 residential gas and electricity customers. [24] In February 2021, Shell Energy took over the broadband and phone customers of Post Office Ltd. [25]
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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 ]
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