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Octopus Energy

Supplies 100% renewable electricity and gas

Energy Markets Specialist

Full-Time
No salary listed
Senior
London, UK
HybridHybrid work arrangement in London.
Business & StrategyCorporate Strategy

About the job

Requirements
  • Significant experience in European power markets, renewable energy commercialisation, trading, optimisation or energy-market advisory.
  • Strong practical experience of battery energy storage system commercial strategy, including revenue modelling, route-to-market arrangements, ancillary services, dispatch considerations and optimiser performance.
  • Experience working for, or advising, a renewable independent power producer, fund manager, utility, trading house, optimiser or energy-market consultancy.
  • Excellent commercial judgement, with a track record of challenging and improving market assumptions, commercial structures or route-to-market strategies.
  • Strong understanding of renewable revenue drivers, including power purchase agreements, merchant exposure, hedging, balancing, capture price, negative pricing, ancillary services and grid constraints.
  • High financial and numerical acumen, with the ability to build, review and challenge complex revenue models and investment assumptions.
  • Experience leading complex commercial processes and managing external counterparties, including power purchase agreement, route-to-market, optimiser or trading arrangements.
  • Ability to work credibly with investment, technical, fund-management and asset-management teams, translating market complexity into clear decisions.
  • Strong written and verbal communication skills, with the ability to present commercial recommendations to senior management, Investment Committee and investors.
Responsibilities
  • Lead energy-market coverage for ORIT, including route-to-market performance, revenue strategy, hedging, market risk and key commercial counterparties.
  • Build OEGEN’s battery energy storage system commercial strategy across priority markets, including revenue underwriting, route-to-market, optimiser selection and risk management.
  • Provide senior market input into investment decisions, challenging assumptions on power prices, capture prices, ancillary services, balancing, negative pricing, grid constraints and commercial structures.
  • Develop clear standards and guidance for battery energy storage systems and collocated assets, ensuring lessons from operational assets are reflected in new investment assumptions.
  • Lead or oversee complex commercial processes, including optimiser, route-to-market and strategic power purchase agreement tenders; work with external providers to deliver routine contracting efficiently where appropriate.
  • Monitor energy-market, regulatory and policy developments across OEGEN’s priority markets, identifying risks and opportunities for funds and assets.
  • Work closely with Fund Asset Directors and Fund Management teams to develop and implement market strategies that support fund objectives, investor returns and risk appetite.
  • Manage relationships with traders, optimisers, balancing parties, advisers and other key commercial partners, holding them to account for performance.
  • Define and interpret quantitative analysis required for hedging, battery energy storage systems, merchant exposure and portfolio risk, working with specialist analytical support where appropriate.
  • Communicate complex market issues clearly to Investment Committee, Asset Boards and investors, with practical recommendations and a clear view of risk.

About the company

Octopus Energy Group supplies 100% renewable electricity and gas to homes and businesses in multiple countries, offering tariffs such as Agile that adjust with wholesale costs. It operates Kraken, an in-house platform that automates billing, customer service, and grid management using AI to balance supply and demand; Kraken is licensed to other suppliers and will be spun off as a separate company. The group differentiates itself through clear pricing, strong customer service, and a scalable energy-technology platform that supports retail, generation, grid flexibility, and EV services. Its goal is to decarbonize energy use globally by making renewables more accessible and by enabling smarter grids, better pricing, and services like EV leasing and demand-response programs.

Company Size

5,001-10,000

Company Stage

Growth Equity (Venture Capital)

Total Funding

$2.9B

Headquarters

London, United Kingdom

Founded

2016

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Simplify's Take

What believers are saying

  • Uplight closed September 1, 2026, targeting 20 GW flexibility and $1 billion savings.
  • Octopus bought BD Energy on September 1, 2026, strengthening automated power trading across Europe.
  • Texas battery plans launched April 22, 2026, bundling storage, fixed pricing, and grid services.

What critics are saying

  • Swaptopus with CATL faces U.S. security scrutiny and European manufacturer resistance.
  • Ofgem fined Octopus £1.5 million in 2025, exposing billing and compliance weaknesses.
  • Johnson v. Octopus Energy LLC and Sterling tribunal findings amplify U.S. and UK legal exposure.

What makes Octopus Energy unique

  • Kraken spun out at $8.65 billion on January 5, 2026, proving software value.
  • Octopus acquired Uplight on September 1, 2026, extending flexibility into eight top U.S. utilities.
  • Bitong Energy launched January 30, 2026, exporting Octopus trading software into China's spot markets.

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Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Paid Vacation
  • 401(k) Company Match
  • Parental Leave
  • Flexible Work Hours
  • Company Equity
  • OE Group Share Scheme

Growth & Insights and Company News

6 month growth

5%

1 year growth

3%

2 year growth

3%
Semafor
Oct 2nd, 2026
Octopus Energy chief Greg Jackson runs $17.4B firm with no HR, no bonuses, and no succession plan

Greg Jackson has built Octopus Energy into Britain's largest energy provider, serving 12 million homes across eight countries, without traditional corporate structures. The company operates with no HR department, no bonuses outside sales roles, and no succession plan. Jackson runs the 13,000-person firm through weekly rhythms: Monday meetings reviewing performance data and Friday all-hands sessions recapping achievements. The company has no intranet or newsletters, forcing employees to attend Friday gatherings to stay informed. Octopus had revenues of £13.7 billion last year and achieved a $9 billion valuation at its last fundraising. Every employee receives equity, and Jackson maintains direct customer contact, having met roughly 1,000 customers at recent events. The CEO refuses to discuss succession planning with his board, believing it creates harmful politics. His instruction to directors: "If I go under a bus, you will have to have several meetings, and then everything will be fine.

Intelligent CIO
Sep 9th, 2026
UK energy tech funding hits $16.4B as storage and charging attract investment

UK energy technology companies have raised $16.4 billion across 901 funded businesses, according to Tracxn's Energy Tech UK Report. Investment is concentrating on fewer companies, with annual deal volume falling from 174 rounds in 2021 to 78 in 2025, whilst funding increased from $2.2 billion to $2.4 billion. Late-stage rounds dominated, accounting for $1.6 billion of 2025's $2.4 billion total. Octopus Energy's $850 million Series G alone exceeded the $624 million raised across the entire sector in 2026 year to date. Energy storage systems attracted $622 million over the past year, a thirteenfold increase year-on-year. Charging solutions secured $886 million and clean energy utilities raised $950 million. Seed rounds fell from 93 in 2021 to 37 in 2025, narrowing the pipeline of emerging companies.

Global Banking & Finance Review
Sep 1st, 2026
Octopus Energy Acquires Danish Power Trader BD Energy to Boost Tech

Octopus Energy acquires Danish firm BD Energy to enhance its tech-driven power trading and grow renewable energy capacity across Europe.

Nikkei Asia
Jul 1st, 2026
EU e-truck sector skeptical about CATL-Octopus battery-swapping plan

Octopus Energy and China's CATL have announced a joint venture to build a battery-swapping network for electric trucks across Europe, but the plan faces significant industry scepticism. Analysts warn that resistance from manufacturers and compatibility challenges could derail the initiative. European truck makers including Volvo and Scania are expected to oppose what they view as Chinese encroachment into their market. Critics argue that existing charging infrastructure already functions adequately, making battery swapping unnecessary. The joint venture must overcome substantial hurdles, particularly ensuring the system works across different truck models. Industry observers question whether manufacturers will adopt standardised battery systems required for swapping to succeed, potentially limiting the network's viability across Europe's diverse commercial vehicle fleet.

Yahoo Finance
Jun 22nd, 2026
US-blacklisted Chinese firm CATL to install battery swap stations for electric trucks on UK roads

Contemporary Amperex Technology Co Ltd (CATL), a Chinese firm blacklisted by the US Pentagon as a "Chinese military company", will install battery-swapping stations for electric lorries across Britain from next year. CATL has denied any military links. The company is partnering with Octopus Energy, the UK's largest energy supplier, through a joint venture called Swaptopus. They plan to build 30 battery hubs across Europe by 2035, capable of supporting 300,000 electric trucks. The stations allow drivers to replace depleted batteries in under five minutes. The move could trigger security scrutiny, following a previous case where Chinese wind turbine manufacturer Ming Yang was blocked from UK projects after US national security concerns. CATL already operates over 300 battery-swapping stations in China, where electric models comprise more than 30% of the heavy-truck market.