Octopus Energy

Octopus Energy
Company typeSubsidiary
IndustryRenewable energy supply
Founded2015
HeadquartersLondon, England
Areas served
Australia, Finland, France, Germany, Ireland, Italy, Japan, New Zealand, Poland, Sweden, Spain, United Kingdom, United States, Singapore
Key people
Greg Jackson (CEO),[1] Stuart Jackson (CFO), James Eddison (CTO), Zoisa North-Bond (CEO, Octopus Generation), Rebecca Dibb-Simkin (CMO), Peter Miller (Customer Experience)
ProductsGas
Hydrogen
Electricity
Electric vehicle services
Heat pumps
Revenue
  • £4.224 billion (2022)[2]
  • £1.24bn (2020)[3]
  • £459m (2019)
  • £129m (2018)
  • £35m (2017)
£27.7 million (2022)
Total assets£472.7 million (2022)
Total equity£472.7 million (2022)
Members3.416 million (2022)
Number of employees
2,770 (2022)
ParentOctopus Group
Websiteoctopusenergy.group

Octopus Energy Group is a British renewable energy group. It was founded in 2015 with the backing of Octopus Group, a British asset management company. Headquartered in London, the company has operations in the United Kingdom, France, Germany, Italy, Spain, Australia, Japan, New Zealand and the United States. Octopus is the UK's largest supplier of electricity to domestic customers, and the second largest in domestic gas.

Octopus Energy Group operates a range of business divisions, including Octopus Energy Retail, Octopus Energy for Business, Octopus Energy Services, Octopus Electric Vehicles, Octopus Energy Generation, Octopus Hydrogen, Kraken, Kraken Flex and the not-for-profit Centre for Net Zero. The company also supplies software services to other energy suppliers.

  1. ^ Lawson, Alex (11 June 2022). "Octopus Energy's Greg Jackson: 'Climate change is no longer this vague thing'". The Observer.
  2. ^ Jackson, Greg; Jackson, Stuart (7 December 2022). Octopus Energy Group Limited Annual Report and Financial Statements 2022 (PDF). octopusenergy.group (Report). pp. 8, 21, 36, 37. Archived (PDF) from the original on 25 September 2024. Retrieved 25 September 2024.
  3. ^ Lempriere, Molly (12 May 2021). "Octopus Energy sees 160% jump in revenue but still records loss due to 'relentless investment'". Current News. Retrieved 7 July 2021.