'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

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose from 3 paid membership levels or start a 7-day no strings trial.

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

Credit: iStock

Colombia and Panama sign up to Powering Past Coal Alliance

World's sixth largest coal exporter commits to phasing out coal power, as influential campaign welcomes latest members

James Murray
clock 19 September 2023 • 3 min read
Climate Action Tracker warns world badly off-track to meet power sector emissions goals

Climate Action Tracker warns world badly off-track to meet power sector emissions goals

New study confirms that no major economy is on track to decarbonise power sector in line with global climate goals

James Murray
clock 19 September 2023 • 5 min read
'Fossil to Clean': We Mean Business calls on corporates to lead fossil fuel phase out

'Fossil to Clean': We Mean Business calls on corporates to lead fossil fuel phase out

Two new campaigns launch today in a bid to accelerate efforts to phase out the use of fossil fuels

Stuart Stone
clock 19 September 2023 • 4 min read