Acquisition
Jan 2022Acquired Bulb Energy and migrated approximately 1.5m customers; FY25 accounts cite final government Energy Price Guarantee and Bulb Wholesale Adjustment Mechanism costs as exceptional items.
SourceCompany research
Public company, workplace, funding, and market signals
Overview
Octopus Energy Group is a privately held global clean-energy and technology group founded by ecommerce entrepreneurs. It operates across renewable generation, energy retail, low-carbon hardware/services, EVs and utility software, with operations in roughly 18–27 countries depending on the business perimeter and reporting date. Its FY25 accounts report £13.683bn revenue, 10m energy customers, 11,400 employees and 73m Kraken accounts.
Primary product
Affordable green electricity and gas supplied under the Octopus Energy brand, differentiated by the proprietary Kraken cloud software platform; adjacent products include renewable generation, EV leasing/charging, heat pumps, solar, batteries and smart meters.
Founded
2016
Headquarters
London, United Kingdom (registered office reported as UK House, 164–182 Oxford Street; group site also identifies London headquarters).
Team size
10,000–15,000 globally (FY25 reported 11,400; public company pages also cite 3,000+ for selected Octopus Energy operations)
Work style
Flexible
Industry
Energy and utilities
Sub-industry
Clean energy retail, renewable generation, energy technology/software and electrification services
Offices
London, United Kingdom
Warwick, United Kingdom
Brighton, United Kingdom
Leicester, United Kingdom
International offices/teams across Europe, the United States, Australia, Japan and New Zealand
Business model
Funding
Stage
Late-stage private / growth company; described by the company as a nonuple unicorn
Total raised
$2.4B
Latest round
Investment round including Octopus Energy Group and Kraken transactions · Dec 2025
Latest amount
$1.3B
People & investors
Leadership
Founder and Group Chief Executive Officer
Stuart Jackson
Co-founder and Chief Financial Officer
James Eddison
Co-founder and Chief Technology Officer
Jon Paull
Global Chief Operating Officer
Rebecca Dibb-Simkin
Chief Marketing and Product Officer
Zoisa North-Bond
CEO, Octopus Energy Generation / Business
Fiona Howarth
Founder/Director, Octopus Electric Vehicles
John Szymik
CEO, Octopus Energy Services
Work & culture
Mission-led, customer-focused and highly autonomous: the company emphasizes freedom and responsibility, direct communication, employee ownership, experimentation, rapid delivery and a ‘dry-stone wall’ approach to assembling diverse teams. The FY25 report describes autonomy, trust, transparency and recurring all-company ‘Family Dinner’ meetings.
Work style
Flexible
Compensation
Public signals include employee equity/share options, 5% pension contribution and benefits; individual salary ranges and consistent visa terms vary by role and location. Some engineering postings support London hybrid work and flexible international arrangements.
Benefits
Employee equity/share-option scheme
5% employer pension contribution
Private medical insurance
Flexible working hours
Money coaching
Gym/yoga discounts
Cycle to Work scheme
Season-ticket loans
16 weeks full-pay maternity leave
12 weeks paternity leave
Free breakfast and coffee
Product & market
Pricing
Energy supply is tariff-based, with variable, fixed, smart/time-of-use and specialist green tariffs; additional products use asset, installation, leasing, charging or software-licensing pricing. Kraken is primarily enterprise software licensing.
Differentiators
- —Proprietary Kraken platform built in-house for energy operations and customer service
- —Integrated position across retail, generation, electrification hardware and software
- —Smart tariffs and demand-response products tied to EVs and flexible consumption
- —Large renewable-generation investment portfolio
- —Customer-service and affordability positioning
- —International licensing model for utilities
- —Employee ownership and technology-startup operating culture
Scale & contact
Estimated revenue
£13bn–£14bn annual group revenue (FY25 reported £13.683bn; FY24 £12.433bn)
Signals & risks
Acquisition
Dec 2023Completed purchase of Shell Energy Retail UK and Germany, adding approximately 1.3m home-energy customers plus broadband customers; migration created execution complexity but was supported by Kraken.
SourceAcquisition
Latest news
CNBC · Dec 2025
Coverage of the Kraken financing, planned mid-2026 separation and Octopus’s retained 13.7% stake.
Kraken · Dec 2025
Kraken announced a $1bn investment led by D1 Capital Partners, with Fidelity International, Durable Capital and Ontario Teachers’ Pension Plan participating; Octopus also receives a further $320m investment and plans a demerger.
Reuters · Jan 2025
Octopus acquired OX2’s French agrivoltaics business and plans to expand its solar development pipeline.
Octopus Energy · Jul 2024
Reported FY24 workforce growth to 8,500, £12.4bn group revenue, expanded international customers, Kraken licensing growth and continued customer-service investment.
Open Positions
141 jobs at Octopus Energy Group
Temporary Payroll Specialist
On-site
Octopus Energy UK 🇬🇧
London (GB)
1d ago
On-site
Full-time