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 renewable energy and utilizes technology and data to enhance its services. Its main product offerings include direct energy sales to consumers and a proprietary technology platform called Kraken, which is licensed 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 for everyone.

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


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Simplify's Take

What believers are saying

  • 'Zero Bills' initiative could revolutionize sustainable living in the UK.
  • Partnership with Energisa opens South American renewable energy market.
  • Investment in Ocergy enhances offshore wind capabilities globally.

What critics are saying

  • Increased competition in renewable energy may impact market share.
  • Rapid international expansion exposes Octopus to geopolitical risks.
  • £3 billion repayment to UK government could strain financial resources.

What makes Octopus Energy unique

  • Octopus Energy's Kraken platform optimizes energy usage for zero-bill homes.
  • The company leads in electric aircraft charging with AeroVolt collaboration.
  • Octopus Energy's global reach includes partnerships in Brazil and Japan.

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Growth & Insights
Headcount

6 month growth

1%

1 year growth

1%

2 year growth

1%

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

401(k) Company Match

Parental Leave

Flexible Work Hours

Company Equity

OE Group Share Scheme

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