Overview
Octopus Energy is driving the renewable energy transition through its consumer energy solutions, with a vision to provide ‘decarbonisation-as-a-service’. We invested in Octopus Energy in 2021.
Our value add
The UK is targeting a fully decarbonised electricity system, which is crucial to meeting its target of being net zero by 2050 (source: National Energy Systems Operator’s Future Energy Scenarios). Octopus Energy’s aim is to power that shift.
Octopus Energy provides the infrastructure underpinning the way in which consumers purchase, engage with, and in future, manage the complexity of the renewable energy transition. Generation and Octopus Energy share a vision for the energy market’s future model: decentralised, supply-led, with the majority of electricity generation coming from renewables. We believe new consumer technologies are critical to transitioning away from inefficient analogue devices to smart digital controls, and that engaging consumers directly is central to that shift.
We partner closely with Octopus Energy’s mission-driven leadership team to serve new geographies and customers, while also supporting capital raises for flexible growth.
Octopus Energy is headquartered in the UK and serves close to 10 million retail customers globally. Octopus Energy was previously the parent company of Kraken, the technology platform that powers smart, efficient energy management. Following its 2026 demerger, Kraken now operates as a standalone Generation portfolio company, in which we have separately invested directly.