Octopus Energy Group is acquiring a majority stake in Uplight, a North American grid flexibility provider, in partnership with Schneider Electric, which will remain a significant minority partner. The transaction is subject to regulatory approvals and expected to complete later this year. Uplight serves over 85 utilities across North America, including eight of the ten largest in the US, managing over 8.5 gigawatts of flexible load through demand response and distributed energy resource management solutions. The company will continue operating as an independent platform. The partnership combines Octopus Energy's consumer innovation and flexibility expertise, Uplight's utility relationships and technology, and Schneider Electric's grid management systems. Octopus Energy operates the world's largest virtual power plant with more than 350,000 electric vehicles enrolled globally.

Octopus Energy, Britain's leading renewables supplier, is pursuing partnerships with Chinese companies whilst expanding into Japan and South Korea. The company's chief executive cited China's superior expertise in clean technology as crucial for Britain's renewable energy development. The move comes as the firm seeks to diversify its operations and leverage Chinese know-how in the renewables sector. Octopus Energy is positioning itself for growth across Asian markets, balancing collaboration with Chinese expertise against expansion opportunities in other regional economies. The company's strategy reflects growing recognition of China's technological capabilities in clean energy, despite geopolitical tensions affecting international business relationships.

Octopus Energy is investing nearly $1 billion into California's clean technology sector through its Octopus Energy Generation subsidiary. The investments will target two carbon removal companies focused on grassland restoration and reforestation, plus a solar and battery project expected to be operational by July 2026. The move deepens the UK energy giant's presence in the US market, forming part of its broader $2 billion commitment to America's energy transition by 2030. Octopus Energy Generation chief executive Zoisa North-Bond cited California's supportive policies and Silicon Valley entrepreneurship as key factors behind the investment. The announcement came during California Governor Gavin Newsom's visit to Octopus Energy's London headquarters on Monday.