Site logo

Octopus Energy uses technology to drive the energy revolution globally, bringing 100% green power and exceptional service to customers around the world.

Octopus Energy Group was launched in 2016 with a vision of using technology to make the green energy revolution affordable whilst transforming customer experiences. Its domestic energy arm already serves 2 million customers with cheaper greener power, through Octopus Energy, M&S Energy, Affect Energy, London Power and Co-op Energy.

Octopus Energy for Business manages over 25,000 customers with proprietary energy offerings. Octopus Electric Vehicles is helping make clean transport cheaper and easier, and Octopus Energy Services is bringing smart products to thousands of homes.

All of these are made possible by OEG's tech arm, Kraken Technologies, which offers a proprietary, in-house platform based on advanced data and machine learning capabilities, Kraken automates much of the energy supply chain to allow outstanding service and efficiency as the world transitions to a decentralised, decarbonised energy system. This technology has been licensed to support over 17 million accounts worldwide, through deals with Good Energy, E.ON energy and Origin Energy.

In December 2020, Octopus Energy Group was valued at over $2 billion after closing it's second investment round of the year led by international energy companies Tokyo Gas and Origin Energy. With operations in the US, Japan, Germany, New Zealand and Australia, Octopus Energy Group's mission to drive the affordable green revolution is going global. The German website is

From 2022, Octopus Energy is to build an 35 MW onshore wind farm called Gaishecke in Hessen, Germany. The wind farm will become operational by the end of 2023 and generate almost 100,000 MW-hours, which will power nearly 40,000 households a year. This marks Octopus‘ first renewable generation deal in Germany and it is aiming to further expand its portfolio in Germany in the near future. By 2030, the company is planning to operate 1.2 GW of wind parks and solar farms across the country.

Contact Email


Download the whole startup list
Download our complete list of all European renewable energy startups. Additionally, the list includes additional information like general contact details. The list is ideally suited for startup identification, lead generation, market research and networking.