Octopus Energy Group Acquires Octopus Renewables

Double unicorn Octopus Energy Group continues exceptional growth / The deal adds £3.4bn worth of green energy projects to its asset management portfolio / Fast-growth disruptor aims to produce enough green energy to power 50 million homes by 2027

Octopus Energy Group continues its rapid expansion and today announces its intention to acquire sister company Octopus Renewables in a move designed to shake up the global energy market and help drive a cheaper, faster energy transition through technology. The entech pioneer is the UK’s fastest growing energy supplier having gained two million customers since launching to the market less than five years ago, making it the fifth largest energy supplier in the UK. It recently hit a $2 billion valuation - or double unicorn status -... ... More: Official Press Release Octopus Energy Group

Keywords:

Octopus, Energy, Renewables, green energy, acquisition, asset management, portfolio, production, growth, clean power