Octopus Energy

Octopus Energy is a British energy supplier established in 2015, aimed at revolutionizing the energy market by providing affordable and renewable energy solutions. The company specializes in solar, wind, and tidal energy, focusing on reducing costs and enhancing customer experience. By offering energy utility, generation, and transmission services without long-term contracts, Octopus Energy empowers both businesses and households to offset their carbon emissions and minimize their environmental impact. Through its innovative technology and customer-centric approach, Octopus Energy seeks to contribute to a greener, smarter energy grid in Great Britain.

Greg Jackson

Co-Founder and CEO

Zoisa North-Bond

CEO of Octopus Energy for Business and Octopus Energy Generation

17 past transactions

Ocergy

Venture Round in 2024
Ocergy is a company dedicated to addressing energy and environmental challenges through the development of advanced ocean systems. It specializes in creating innovative floating platforms, such as OCG-Wind, which serves as a lightweight foundation for large offshore wind turbines, aimed at reducing the levelized cost of energy while enhancing industrialization and local supply chain utilization. Additionally, Ocergy offers OCG-Data, a multi-disciplinary ocean observer designed for comprehensive offshore site assessments. This platform supports various instrumentation for resource and environmental characterization, including technologies for underwater biodiversity monitoring and a detection system for birds and bats. By providing high-quality ecological data, Ocergy facilitates stakeholder engagement and promotes sustainable offshore solutions, including energy production and environmental monitoring.

Deep Green Technologies

Private Equity Round in 2024
Deep Green Technologies is a pioneering company in the data center sector, focused on developing a carbon-neutral computing system that transforms the traditional data center model. The company specializes in metro-edge computing and innovative heat recapture technology, which allows it to repurpose the heat generated by computing processes for beneficial social applications at no cost. By integrating data furnace technology and immersion cooling, Deep Green enables secure, serverless cloud computing systems that consume significantly less energy than conventional data centers. This approach not only enhances operational efficiency but also contributes to sustainability in the technology sector.

First Utility

Acquisition in 2023
First Utility Limited, operating as first:utility, is a prominent independent energy supplier in the United Kingdom, providing electricity and gas services to over 850,000 residential and business customers. Founded in 2004 and based in Warwick, the company positions itself as a challenger to the traditional Big Six energy providers. It focuses on helping customers reduce their energy bills through competitive tariffs, innovative technology, and straightforward multi-utility offerings. Additionally, First Utility advocates for industry changes to promote transparency and affordability in energy consumption, aiming to simplify household costs and enhance customer experience. The company operates as a subsidiary of The Shell Petroleum Company Limited.

Kensa Group

Venture Round in 2023
Kensa Group Limited, established in 1999 and headquartered in Truro, UK, specialises in the manufacture and installation of ground source heat pumps. The company consists of three divisions: Kensa Heat Pumps focuses on manufacturing these eco-friendly heating systems; Kensa Contracting handles large-scale installations, particularly for new builds and social housing retrofits; while Kensa Utilities funds, owns, and maintains shared ground loops that serve heat pump installations.

Xlinks

Corporate Round in 2023
Xlinks is a UK-based company focused on developing renewable energy generation projects, primarily solar and wind farms. Its mission is to facilitate the transition towards low-carbon economies by providing sustainable energy solutions, thereby assisting clients in reducing their carbon footprint and achieving net-zero emission targets.

Yotsuya Capital

Venture Round in 2023
Yotsuya Capital is a developer of renewable energy with a primary focus on solar power.

Bulb

Acquisition in 2022
Bulb Energy Limited is a London-based company founded in 2013 that specializes in supplying renewable electricity generated from solar, wind, and hydro sources, as well as renewable gas derived from food and farm waste. The company aims to simplify and reduce the cost of energy for homes and businesses across the United Kingdom by offering fair and transparent pricing. In addition to providing renewable energy, Bulb offsets emissions from the gas it supplies by supporting carbon reduction projects. By leveraging technology, Bulb empowers its members to effectively manage and reduce their energy consumption, contributing to a more sustainable energy landscape.

Be.EV

Corporate Round in 2022
Be.EV is a prominent operator of electric vehicle (EV) charging infrastructure based in Manchester, England. It boasts the largest EV charging network in the region, focusing on making the charging process simple, reliable, and effortless for users. Be.EV offers a range of charging options, including a pay-as-you-go system and an optional membership scheme, which provides customers with convenient access to sustainable and EV-friendly charging solutions. The company's commitment to enhancing the EV charging experience positions it as a key player in supporting the transition to electric mobility.

Exagen Group

Venture Round in 2022
Exagen builds the next generation of utility-scale solar farms co-located with grid-balancing battery storage facilities.

Octopus Renewables

Acquisition in 2021
Octopus Renewables is a specialist clean energy investor with a diverse portfolio of assets. They provides financial services, healthcare, renewable energy, energy supply, specialist property lending, venture capital trusts (VCTs), inheritance tax planning solutions, peer to peer lending, savings solutions, and venture capital.

Marvel Labs

Acquisition in 2021
Tech company building advanced energy retail pricing system for a smart grid world

KrakenFlex

Acquisition in 2020
KrakenFlex is a technology company specializing in real-time distributed energy resource management and distribution network monitoring. It offers a cloud-based energy system management platform designed to aggregate and manage various renewable energy assets. By employing advanced algorithms and artificial intelligence, KrakenFlex enables utilities, traders, generators, and network operators to optimize and monetize extensive portfolios of diversified energy assets. This capability allows clients to seize new opportunities while promoting the adoption of renewable technologies, ultimately contributing to a more sustainable and efficient power network.

Evolve Energy

Acquisition in 2020
Evolve Energy Inc. is an energy company based in Houston, Texas, focused on providing a platform for energy optimization and savings. Founded in 2018, Evolve Energy aids consumers in reducing their energy costs through the integration of real-time pricing, connected home devices, and renewable energy solutions. The company employs artificial intelligence and Internet of Things technology to manage energy usage, encouraging customers to shift consumption to periods of lower cost and lower carbon emissions. By facilitating access to electricity at wholesale rates and optimizing energy consumption with smart devices, Evolve Energy not only supports individual savings but also aims to minimize the environmental impact of energy use. As of September 2020, it operates as a subsidiary of Octopus Energy Limited.

Engie UK Residential

Acquisition in 2020
Engie UK Residential Customers

4hundred

Acquisition in 2019
4hundred GmbH is a digital energy provider based in Starnberg, Germany, specializing in the supply and distribution of renewable electricity and gas. Founded in 2017, the company focuses on meeting the energy consumption needs of consumers through its digital application, which allows users to manage their energy use and reduce costs. As a subsidiary of Octopus Energy Limited since September 2019, 4hundred GmbH positions itself as a significant player in the renewable energy retail sector, promoting sustainable energy solutions to its customers.

Co-op Energy

Acquisition in 2019
Co-op Energy supplies energy.

Affect Energy

Acquisition in 2018
Affect Energy Limited is a UK-based energy retailer that supplies gas and electricity to residential and commercial customers across the United Kingdom. Established in 2014 and located in Shoreham-By-Sea, the company focuses on providing competitive pricing and efficient online account management, alongside dedicated customer support services. As of August 31, 2018, Affect Energy operates as a subsidiary of Octopus Energy Limited.
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