{"id":14794,"date":"2023-12-19T16:38:55","date_gmt":"2023-12-19T16:38:55","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=14794"},"modified":"2023-12-19T16:39:26","modified_gmt":"2023-12-19T16:39:26","slug":"octopus-energy-raises-800-million-to-expand-low-carbon-technology-deployment","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/octopus-energy-raises-800-million-to-expand-low-carbon-technology-deployment\/","title":{"rendered":"Octopus Energy Raises $800 Million to Accelerate Clean Energy Buildout"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-14794\" data-postid=\"14794\" class=\"themify_builder_content themify_builder_content-14794 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n\n\n<p>UK-based clean energy provider Octopus Energy Group announced has announced that it has received $800 million additional investment from its existing shareholders, aimed at accelerating the company\u2019s clean energy growth.<\/p>\n\n\n\n<p>Launched in 2016, Octopus Energy Group is now made up of 10 businesses across 18 countries, serving over 7 million customers. The new investment values the company at nearly $8 billion, up 60% from its prior 2021 investment round.<\/p>\n\n\n\n<p>Octopus Energy said that the investment will be used to accelerate its international growth, and the expansion of low carbon technologies, especially heat pumps.<\/p>\n\n\n\n<p>Greg Jackson, Founder of Octopus Energy Group, said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cOctopus Energy\u2019s focus on customer service and technology has not only driven us to market leadership in UK power, but we\u2019ve built the UK\u2019s leading specialist electric vehicle leasing business, in just two years we\u2019ve almost doubled our renewable generation portfolio to $7.6bn (\u00a36bn), and tripled the contracted accounts on our technology platform Kraken from 17 million to 52 million.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>Participating investors in the funding round included Australian and Japanese energy companies Origin Energy and Tokyo Gas, Canada Pension Plan Investment Board (CPP Investments), and sustainability-focused investor Generation Investment Management.<\/p>\n\n\n\n<p>Bill Rogers, Global Head of Sustainable Energies at CPP Investments, said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cOctopus\u2019 global footprint has scaled significantly, led by the company\u2019s exceptional team, leading Kraken technology platform and innovative customer proposition. We\u2019re delighted to further our investment in Octopus and enable the expansion of their future energy solutions to many more customers around the world.\u201d<\/p>\n<\/blockquote><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>UK-based clean energy provider Octopus Energy Group announced has announced that it has received $800 million additional investment from its existing shareholders, aimed at accelerating the company\u2019s clean energy growth. Launched in 2016, Octopus Energy Group is now made up of 10 businesses across 18 countries, serving over 7 million customers. The new investment values [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":14795,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[36,4],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Octopus Energy Raises $800 Million to Accelerate Clean Energy Buildout - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/octopus-energy-raises-800-million-to-expand-low-carbon-technology-deployment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Octopus Energy Raises $800 Million to Accelerate Clean Energy Buildout - ESG Today\" \/>\n<meta property=\"og:description\" content=\"UK-based clean energy provider Octopus Energy Group announced has announced that it has received $800 million additional investment from its existing shareholders, aimed at accelerating the company\u2019s clean energy growth. Launched in 2016, Octopus Energy Group is now made up of 10 businesses across 18 countries, serving over 7 million customers. 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