'This partnership is huge': Octopus Energy Group valued at $5bn following latest $330m investment

clock • 2 min read
Octopus Energy Group is aiming to grow its technology platform Kraken to manage 100 million accounts by 2027 | Credit: Octopus Energy
Image:

Octopus Energy Group is aiming to grow its technology platform Kraken to manage 100 million accounts by 2027 | Credit: Octopus Energy

Energy giant has entered into a new strategic partnership with long-term investors, CPP Investments

Octopus Energy Group announced today an initial $330m funding boost from CPP Investments, bringing the fast-expanding clean energy group's valuation up to circa $5bn. The strategic partnership will...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Iran War fossil fuel shock drives inflation to 3.3 per cent

Iran War fossil fuel shock drives inflation to 3.3 per cent

Fears grow that continued blockade of Strait of Hormuz could push energy and food price inflation even higher during the second half of the year

James Murray
clock 22 April 2026 • 7 min read
Are peak CO2 emissions in sight? Five key takeaways from the IEA's Global Energy Review

Are peak CO2 emissions in sight? Five key takeaways from the IEA's Global Energy Review

From accelerating electrification to declining fossil fuel demand, BusinessGreen rounds up the headlines from the IEA's latest global energy snapshot

Michael Holder
clock 21 April 2026 • 12 min read
Report: Electricity has 'firmly entered the era of clean growth'

Report: Electricity has 'firmly entered the era of clean growth'

Power generated by new solar and wind farms last year more than met total growth in demand for electricity, according to new Ember analysis

Michael Holder
clock 21 April 2026 • 4 min read