Octopus Energy Ltd (OEL), a subsidiary of Octopus Energy Group Ltd, is a renewable energy company. It focuses on supplying gas and electricity, installing smart energy hardware and managing green generators. OEL offers services including installing heat pumps and smart meters, among others. It also provides EV charge points and an electric vehicle package which includes electric cars, free home chargers, service and maintenance and insurance, among others. The company offers its power services through its partners London Power, M&S Energy and Co-op Energy. It provides its products and services to homes and businesses across the UK. Octopus Energy is headquartered in London, England, the UK.
Headquarters
United Kingdom
Address
Uk House, 5th Floor, 164-182 Oxford Street, London, England, W1D1NN
Website
www.octopus.energy
Telephone
0808 164 1088
No of Employees
1,142
Industry
Power
Revenue (2022)
$5.4B
Octopus Energy Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Electricity and Energy Distribution |
| Energy | Installation of Electric Vehicle Charging Points |
| Electric Vehicle Chargers |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In December, the company formed a joint venture with Nexta Capital Partners to develop 1.5GW of commercial-scale battery storage systems in Italy. |
| 2023 | Financing Agreements | In December, the company secured US$800 million in additional investment from existing shareholders. |
| 2023 | Contracts/Agreements | In December, the company entered into an agreement with Sherbro Alliance to build Sierra Leone's first wind farm in 2024. |
Competitor Comparison
| Key Parameters | Octopus Energy Ltd | National Grid Plc | EDF Energy Holdings Ltd | Scottish Power Ltd | E.ON UK Plc |
|---|---|---|---|---|---|
| Headquarters | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |
| City | London | London | London | Glasgow | Coventry |
| State/Province | England | England | Greater London | Scotland | England |
| No. of Employees | 1,142 | 31,275 | - | 5,750 | 8,000 |
| Entity Type | Private | Public | Private | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Meet Zoisa | Chief Executive Officer - Octopus Energy Generation | Senior Management | - | - |
| Greg Sean Jackson | Director | Non Executive Board | 2016 | 52 |
| Simon Andrew Rogerson | Director | Non Executive Board | 2016 | 49 |
| Christopher Robert Hulatt | Director | Non Executive Board | 2016 | 47 |
| Stuart Keith Jackson | Director | Non Executive Board | 2016 | 50 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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