Octopus Energy

Octopus Energy is a company that specializes in sustainable energy. It supplies renewable electricity and gas to households and businesses, delivers energy and electric vehicles services, provides financing for renewable energy generation, and operates an incubator focused on the energy transition. Additionally, the company develops Kraken, an energy tech platform based on data and machine learning capabilities.

Employee Rating

4.5More
TypeSubsidiary
Parent CompanyOctopus Group
HQLondon, GB
Founded2016
Websiteoctopus.energy
Cybersecurity ratingAMore
Octopus Energy was founded in 2016 and is headquartered in London, GB

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Key People/Management at Octopus Energy

Greg Jackson

Greg Jackson

CEO, Founder
Stuart Jackson

Stuart Jackson

CFO, Co-Founder
James Eddison

James Eddison

CTO
Pete Miller

Pete Miller

Co-Founder, Head of Customer Experience
Rebecca Dibb-Simkin

Rebecca Dibb-Simkin

Global Director of Product & Marketing (CMO)
Jon Paull

Jon Paull

Global Director of Operations
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Octopus Energy Office Locations

Octopus Energy has offices in London, Houston, München, Starnberg and in 1 other location
London, GB (HQ)
33 Holborn
London, GB
2nd, United Kingdom House, 164-182 Oxford St
München, DE
Herzogspitalstraße 24
Starnberg, DE
Ernst-Heimeran-Weg 10
Wellington, NZ
level 5/10 Brandon Street
Houston, TX, US
2700 Post Oak Blvd FL 21
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Octopus Energy Financials and Metrics

Summary Metrics

Founding Date

2016

Total Funding

$573.2 m

Investors

In total, Octopus Energy had raised $573.2 m. Octopus Energy is a subsidiary of Octopus Group

Octopus Energy Revenue

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Octopus Energy's revenue was reported to be £1.21 b in FY, 2020 which is a 162.2% increase from the previous period.
GBPFY, 2018FY, 2019FY, 2020

Revenue

129.2m460.0m1.2b

Revenue growth, %

256%162%

Cost of goods sold

123.4m456.4m1.2b

Gross profit

5.8m3.5m55.0m
GBPFY, 2018FY, 2019FY, 2020

Cash

5.0m23.9m16.3m

Accounts Receivable

21.0m45.6m153.2m

Prepaid Expenses

50.1m

Current Assets

51.5m124.7m390.3m
GBPFY, 2018

Financial Leverage

-5 x
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Octopus Energy Operating Metrics

Jul, 2021

Households

2 m

Monthly Customers

50 k
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Octopus Energy Acquisitions / Subsidiaries

Company NameDateDeal Size
Octopus RenewablesMarch 26, 2021
Marvel LabsMarch 10, 2021
KrakenFlexNovember 03, 2020
Evolve EnergySeptember 29, 2020
Engie UK ResidentialJanuary 20, 2020
4hundredSeptember 08, 2019
Co-op EnergyAugust 29, 2019
Affect EnergySeptember 06, 2018

Octopus Energy Revenue Breakdown

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Octopus Energy revenue breakdown by business segment: 97.2% from Domestic and 2.8% from Other

Octopus Energy Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Octopus Energy Online and Social Media Presence

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Octopus Energy Frequently Asked Questions

  • When was Octopus Energy founded?

    Octopus Energy was founded in 2016.

  • Who are Octopus Energy key executives?

    Octopus Energy's key executives are Greg Jackson, Stuart Jackson and James Eddison.

  • How many employees does Octopus Energy have?

    Octopus Energy has 720 employees.

  • What is Octopus Energy revenue?

    Latest Octopus Energy annual revenue is £1.2 b.

  • What is Octopus Energy revenue per employee?

    Latest Octopus Energy revenue per employee is £1.7 m.

  • Who are Octopus Energy competitors?

    Competitors of Octopus Energy include Lightsource bp, Bulb Energy and Good Energy Group.

  • Where is Octopus Energy headquarters?

    Octopus Energy headquarters is located at 33 Holborn, London.

  • Where are Octopus Energy offices?

    Octopus Energy has offices in London, Houston, München, Starnberg and in 1 other location.

  • How many offices does Octopus Energy have?

    Octopus Energy has 6 offices.