Octopus valuation jumped 60 per cent since 2021 as it launches fresh funding round December 18, 2023 Octopus announced it would inject an additional £625m funds from its shareholders, as it continues to establish itself as one of Britain’s so-called ‘big six’ energy firms.
Octopus Group enters legal services market after buying divorce business December 7, 2023 Octopus Group has acquired a majority stake in a legal service business that focuses on helping customers navigate legal issues surrounding divorce. The group, which is the parent company to energy giant Octopus Energy, has dived into the legal services market by acquiring Amicable. Amicable was was founded in 2015 to serve as a legal [...]
Octopus boosts renewable capacity ahead of Shell Energy deal November 27, 2023 For an undisclosed fee, Octopus Energy has bought into Ørsted’s Walney Extension wind farm, the eighth largest in the world. The generation arm of the energy supplier has taken a 12.5 per cent stake in the Irish Sea project, which was built in 2018. The project has 87 turbines with a generation capacity of 660 [...]
CBI’s annual conference had a distinct lack of CEOs – can it win them back? November 20, 2023 The CBI's annual conference had a notable lack of CEOs speaking. Can they be won back?
Octopus Energy ‘further deepens’ relationship with Tokyo Gas after £3bn investment November 17, 2023 Octopus Energy has today unveiled a £3bn fund dedicated to developing offshore wind assets through its generation arm.
Brookfield to push ahead with $10.6bn bid for Octopus Energy shareholder November 2, 2023 A Brookfield-led consortium has accused Origin Energy's largest shareholder, Australiansuper, of "holding the company hostage."
Octopus’ valuation at the centre of £8bn tussle for Australian energy giant October 31, 2023 The value of Octopus Energy is a growing bone of contention in an attempted multibillion pound takeover of an Australian biggest energy.
National Gas boss warns businesses could be threatened if network scrapped October 18, 2023 The head of the UK's gas networks has urged the government not to scrap the country's pipelines in favour of electrification of the grid.
Octopus buys Shell UK energy arm making it Britain’s second biggest supplier September 1, 2023 The deal will require regulator approval and Shell customers were advised to “sit tight” for now, with it hoped to be formalised in the final quarter of the year.
Octopus Energy closes in on Shell deal as Big Six dominates the market August 28, 2023 Octopus Energy is closing in on a deal to snap up Shell's household energy business - which could be finalised as soon as this autumn.