Full-Time
Confirmed live in the last 24 hours
Provides affordable green energy solutions
£36.5kAnnually
Entry, Junior
Durham, UK
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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 Size
1,001-5,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$2.5B
Headquarters
London, United Kingdom
Founded
2016
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Paid Vacation
401(k) Company Match
Parental Leave
Flexible Work Hours
Company Equity
OE Group Share Scheme
Octopus Energy’s generation arm has announced a new investment in Nordic Generation Fuels (NGF) to accelerate clean air travel.
Carolyn Dawson of Tech Nation says tech companies can make an impact on climate mitigation Tech Nation/Founders ForumHere’s the irony. While an important subset of tech entrepreneurs are focused on the mitigation of climate change, the innovation economy as a whole is playing a significant role in pushing emissions to ever-higher levels. From co-working sectors to server farms, computers are collectively consuming ever-increasing amounts of electricity, creating an enormous carbon footprint in the process.So what can be done? Well, U.K. energy provider Octopus Energy has joined forces with entrepreneur networking platform Tech Nation to relaunch an initiative designed to help businesses of all sizes cut their emissions while also providing climate tech startups with an opportunity to enter into conversations with CEOs, CTOs and government officials. Earlier this week I spoke to Tech Nation CEO, Carolyn Dawson, and Octopus Energy Product Marketing Manager, Rebecca Dibb-Simkin about the thinking behind the scheme and the potential opportunities for startups.First some context. Originally created as a government-backed body tasked with supporting innovation economy entrepreneurs, Tech Nation almost disappeared in 2023 when public funding was withdrawn
Octopus Energy will repay the UK government £3 billion ($3.8 billion) after receiving support for its takeover of Bulb Energy, which collapsed during the energy crisis. The government had paid about £1.6 billion to help Octopus buy energy in advance, resulting in a profit close to £1.3 billion. Octopus gained 1.5 million accounts from Bulb, securing its position as the top electricity supplier in the UK. This outcome is seen as a successful implementation of a special administration regime.
Octopus Energy is expanding its global influence with new investors Galvanize Climate Solutions ("Galvanize") and Lightrock joining its investor base.
Major shareholders hike stakes in energy giant further after Octopus was recently named UK’s largest electricity supplier
• Investment into Ocergy to create green jobs globally, starting in France and US • Innovative tech set to slash cost and time of building floating offshore wind • Next step in Octopus’ plans to unleash billions into the global offshore wind sector following the launch of Vector, its offshore wind fund
Wednesday, 17 April 2024Energy and technology group Octopus Energy Group has partnered with Energisa Group, a a prominent electricity and gas utility in Brazil, to advance the energy transition in South America’s biggest country.Designed to rapidly deploy cheap, green renewables at scale across Brazil, the partners will take a three-pronged approach – focusing on knowledge transfer, tech licensing and potential joint ventures.Octopus is a global energy and technology company that aims to drive the affordable, green energy system of the future through its retail brand, its investments in renewables and its proprietary technology platform, Kraken.Kraken has become the fastest growing energy software in the UK. The AI-enabled tech platform connects all dots of the energy value chain – from usage and industry data to weather forecasts – accelerating the rollout of smart energy products whilst ensuring smooth integration of assets like wind farms, solar and batteries.The market-leading platform also greatly reduces costs for suppliers and improves customer service levels. It is now contracted to serve over 54 million energy accounts across the world and manage over 38 GW across 180,000 green energy assets in 12 countries.Energisa is one of Brazil’s largest energy companies, serving over 8.5 million customers across twelve states. It is also a global leader in microgrid technology and has pioneered renewables-only systems in Amazonian villages such as Vila Restauração, freeing communities from their dependence on dirty and expensive fossil fuels.Through “(re)energisa”, the company’s innovative energy solution brand, Energisa Group holds 363 MWp of installed power in distributed solar generation and 93 operational plants in five states of Brazil and 71 MWp of centralised solar generation.Following the transfer of tech expertise, market insights and best practice examples, the companies will work together to optimise the management of Energisa’s batteries as well as solar farms, unlocking efficiencies whilst delivering greatly better service to customers.As a final step, the companies will explore the viability of potential joint ventures for Brazil which may include launching an energy retail business, bringing Octopus’ popular EV charging roaming services ‘Electroverse’ to the country and exploring different flexibility market models.Over 600,000 Brazilians are still without access to electricity, while one in ten (11 percent) of them are classified as living in energy poverty, meaning millions could benefit from innovation in the energy industry.“Octopus Energy and Energisa are linking up to learn from each other, especially how cutting-edge tech can benefit Brazil and how to drive sustainable solutions in rural communities” said Greg Jackson, Founder of Octopus Energy Group. “This is a massive opportunity and can serve as a blueprint for similar countries and places with high fuel poverty. Through a combination of methods, our budding partnership will help build the future green energy system in South America – with world-class efficiency and customer service at the heart.”For additional information:Octopus Energy GroupKraken
SOLIHULL, England, April 2, 2024 /PRNewswire/ -- Tilia Homes and Hopkins Homes have today announced they have joined Octopus Energy's 'Zero Bills' proposition on an exclusive number of properties.'Zero Bills' is a world-first smart tariff that allows customers to move into homes that are fully kitted out with green technology and with no energy bills, guaranteed.One of the standard housetypes with a "Zero Bills" tariff at Tilia Homes' Landimore Park developmentThe three- and four-bedroom houses, available at Tilia Homes' Landimore Park development, in Northampton, and Hopkins Homes' Church View , in Bramford, Suffolk, are installed with cutting-edge, green technology including roof-mounted solar panels, air-source heat pumps and a home battery.'Zero Bills' is made possible through Octopus' technology platform, Kraken, which connects to the clean energy devices installed in the home and optimises their energy usage to deliver a zero bill.Simon Gabbitas, Group ESG Director for Tilia Homes and Hopkins Homes, said: "As the cost-of-living crisis continues to bite, we are delighted to join forces with Octopus Energy to offer drastically reduced home running costs for our customers. Not only will this partnership deliver cost certainty to homeowners in a volatile energy market, but we believe it will also help to positively impact how people live sustainably in their homes across the UK."At Tilia Homes and Hopkins Homes, we are committed to reducing carbon emissions and exploring new ways to incorporate cutting-edge technology, materials, and designs into our developments to boost energy efficiency. We are looking forward to future partnerships and initiatives that continue to put both people and the planet at the heart of our developments."Like all Tilia Homes and Hopkins Homes properties, the 'Zero Bills' homes and technology are also covered by manufacturer warranty and housebuilder's two-year guarantee and a further eight years by the National Home Builders Council (NHBC).Michael Cottrell, 'Zero Bills' Director at Octopus Energy: "As the energy grid evolves, so does our ability to revolutionise homeownership. With our 'Zero Bills' smart proposition, Tilia Homes and Hopkins Homes homeowners can enjoy not only energy bill-free homes, but also a genuine shift towards sustainable living. By leveraging state-of-the-art technology and renewable energy, we can make green living the standard across the industry."The latest 'Watt A Save' report from the Home Builders Federation (HBF) found that buyers of new build properties will save on average of £2,200** in energy bills and reduce carbon emissions by over 2.5 tonnes per property each year compared to some older properties on the open market. Modern methods of construction, higher quality wall insulation and larger cavity wall space are among the reasons credited with the saving.In a bid to offer further financial benefit to homeowners, there is increasing interest from mortgage lenders to offer green mortgage products tailored for new-build homes, thanks to their high energy efficiency ratings and lower running costs.Octopus Energy has now accredited close to 1,000 homes across the UK through contracts with developers and housing providers
Tuesday, 27 February 2024The innovation is the next step in Octopus’ plans to rapidly accelerate the adoption of electric transport, following studies showing that electric planes - typically small two-seater planes that do short flights - have a lower climate impact compared to their fossil fuel powered peers.AeroVolt has charge points installed at seven sites in the UK, including at Bournemouth, Lydd, Dunkeswell, and Shoreham airports, with 12 more to come online soon. The disruptor is already in talks with nearly 70 more airports looking to have chargers installed.Electroverse – the biggest EV roaming service in the country – has revolutionised on-the-go charging for drivers of electric cars, removing the need for multiple apps to access different charge point brands through its ‘one card, one app’ model.Pilots who are also Octopus customers enjoy the added benefit of syncing up their public charging costs onto their existing home energy bill, in one simple payment.This move is the next step in Octopus Energy’s activities to help speed up the transition to green transport. Its Octopus Electric Vehicles division is now the UK’s largest EV-only leasing business and the company is a pioneer in smart tariffs for EVs.It manages 1 GW of shiftable load through its Intelligent Octopus Go tariff, using the company’s cutting-edge tech platform Kraken to charge EVs when it’s cheapest and greenest. Earlier this month the company launched the UK’s first mass market vehicle-to-grid tariff – Octopus Power Pack – enabling free home charging for drivers.“Octopus is at the forefront of the transition to green transport” said Zoisa North-Bond, Octopus Energy for Business CEO. “It’s incredible to think our skies are cleaner with each new electric plane, and we’re thrilled to make the journey easier for pilots, extending our seamless charging experience for electric cars to electric aircrafts. With just a tap of their Electroverse card, pilots can plug in and power up
Learn about how KrakenFlex became a market leader in energy management, control and optimsation. Our client base now includes tier one asset owners, energy traders and electricity retailers. As a result, is managing a large-scale portfolio of flexible distributed energy assets real-time.