Octopus Energy, a UK-based company, provides 100% green electricity sourced from renewable sources like sun, wind, and water, powering over 5 million UK homes and businesses with award-winning green electricity.
The company operates various divisions such as Octopus Energy Retail, Octopus Energy for Business, Octopus Energy Services and Octopus Electric Vehicles.
Corporate History
Founded in 2015 as a subsidiary of Octopus Capital Limited, Octopus Energy quickly gained traction and began trading in December 2015.
Backed by investors including Al Gore's Generation Investment Management, Octopus Energy has secured substantial funding to expand its operations worldwide.
Following the acquisition of Shell Energy in December 2023, Octopus Energy became the UK's second-largest domestic energy provider.
AI for Energy
Octopus Energy uses advanced data and machine learning platforms like Kraken to support millions of customer accounts worldwide.
Through initiatives like Kraken Flex and Octopus Centre for Net Zero, the company is carrying out research and development in clean energy technologies.