Octopus Energy

Octopus Energy

Provides affordable green energy solutions

About

Octopus Energy provides affordable green energy solutions to households and businesses across multiple countries, including the UK, US, Japan, Germany, New Zealand, and Australia. The company focuses on the renewable energy market and utilizes technology and data to enhance its services. Its main product offerings include direct energy sales to consumers and the licensing of its proprietary Kraken technology platform to other energy providers. This platform helps streamline energy management and improve customer experience. Unlike many competitors, Octopus Energy emphasizes sustainability and offers additional services such as electric vehicle solutions. The company's goal is to make green energy accessible and affordable while promoting the use of renewable resources.

Company Stage

Growth Equity (Venture Capital)

Employees

1,001-5,000

Industries

Data & Analytics, Automotive & Transportation, Energy

Total Funding

$2.5B

Headquarters

London, United Kingdom

Founded

2016


Simplify Jobs

Simplify's Take

What believers are saying

  • Investment in Nordic Generation Fuels taps into growing sustainable aviation fuel demand.
  • Partnership with Energisa opens opportunities in South America's green energy market.
  • 'Zero Bills' initiative showcases innovative integration of technology and renewable energy.

What critics are saying

  • Increased competition in renewable energy could impact Octopus Energy's market share.
  • Rapid international expansion may expose the company to geopolitical and regulatory risks.
  • Reliance on technology platforms like Kraken poses risks of technological failures or cyber threats.

What makes Octopus Energy unique

  • Octopus Energy's Kraken platform optimizes energy usage for zero-bill homes.
  • The company integrates green tech in housing, setting a new standard for sustainable living.
  • Octopus Energy's global partnerships expand its influence in renewable energy markets.

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Growth & Insights
Headcount

6 month growth

12%

1 year growth

-8%

2 year growth

41%

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