Octopus Energy Generation

Company description

Octopus Energy was founded in 2015 as part of the Octopus Group, a broader investment company based in London. The energy arm focuses on providing renewable and affordable energy solutions. Octopus Energy is notable for its innovative use of technology, including smart meters and a digital platform. Their smart tariffs and real-time consumption data empower customers to make informed decisions about their energy usage. The company introduced the Agile Octopus tariff, which reflects the real-time wholesale prices of electricity. This tariff encourages consumers to use energy during periods of lower demand, potentially saving money and reducing strain on the grid during peak times. It has expanded beyond the UK and acquired other energy suppliers, including Engie's residential customers in 2020. The company has entered markets such as Germany and the USA. 

Company details

UK House, 5th floor, 164-182 Oxford Street, London, W1D 1NN

Participation in projects

Projects Transactions
List of the updates in which the company was involved

Company updates

  • December 06, 2023

    Partnership Signed for Wind farm Development Project in Sierra Leone

    The Octopus Energy Generation has signed a partnership agreement with Sherbro Alliance Partners (SAP) to develop a wind farm in Sierra Leone as part of the Sherbro Island City project. The initi...

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  • December 04, 2023

    TotalEnergies acquires stake in UK-Moroccan solar-wind interconnector

    TotalEnergies has invested GBP 20 million (US$25 million) in Xlinks’ 11.5 GW hybrid solar and wind facility in Guelmim Oued Noun, Morocco. The project, endowed with a storage capacity of 5 GW/2...

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  • November 13, 2023

    Sky Fund Soars to New Heights Surpasses USD1.2 Billion Milestone with Latest Investment

    The Ireland Strategic Investment Fund (ISIF) has committed GBP80 million (USD98 Million) to Octopus Energy Generation’s Sky fund. With the latest infusion of funds, the Sky fund has surpassed t...

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  • June 13, 2023

    Octopus Renewables invests in 11.4 MW wind energy project near Prüm

    Octopus Energy has announced its acquisition of an 11.4 MW wind project located on a disused site of a former US air station near Prüm in west Germany. The wind farm is composed of two Nordex tur...

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  • June 08, 2023

    Octopus Renewables invests in 175 MW solar PV project with 400 MWh battery storage component in Queensland

    Octopus Energy Australia has announced the acquisition of the 175 MW Ardandra solar and 400 MWh storage project in Queensland, Australia. With an expected completion date of 2025, it will be connected...

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  • June 06, 2023

    Akuo commissions 8.7 MWp floating solar PV project in Toulouse

    Akuo has commissioned its 8.7 MWp floating solar photovoltaic power project in Cintegabelle, near Toulouse in southern France. The plant is located on Cap Vert Lake, a 19-ha man-made lake that was pre...

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  • May 25, 2023

    Octopus Australia invests in 400 MW Hay Plains wind project in NSW

    Octopus Australia has announced the acquisition of the 400 MW Hay Plains wind project in southwest New South Wales, Australia from Juwi Renewable Energy. The company's vision is to develop and build...

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  • May 16, 2023

    Octopus Energy invests in 49 MW wind projects in Vienne

    Octopus Energy has announced its investment in three new wind projects in France. The facilities - Croix Erable, Bertaut, and Le Langrois - have a combined capacity of 49 MW, and the Nordex turbines o...

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  • March 07, 2023

    RES secures asset management contract for two wind farms in Scotland

    Renewable Energy Systems (RES Group) has secured asset management agreements with Octopus Energy Generation for the 46 MW Crossdykes Wind Farm and 50 MW Cumberhead Wind Farm in Scotland, UK. ...

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  • February 28, 2023

    Octopus Energy completes acquisition of an additional 7.75% stake in 270 MW Lincs offshore wind farm

    Octopus Energy has completed the deal that increased its stake in the 270 MW Lincs wind farm project by 7.75%. The company now holds a 31% interest in the project. Octopus Energy Generation’s f...

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