Octopus Energy Group

Company research

Public company, workplace, funding, and market signals

Updated Aug 5, 2026

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

B2C electricity and gas supply

B2B energy supply

Software licensing through Kraken

Renewable-energy investment and generation management

EV leasing, charging and smart-charging services

Installation and sale of heat pumps, solar, batteries and smart meters

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

Kraken standalone investment plus Octopus growth investment

Dec 2025 · D1 Capital Partners (Kraken round)

$1.3B

Investment round

May 2024 · Aware Super and CPP Investments

$370M

Private equity investment round

Jul 2022 · CPP Investments

$550M

Corporate investment round

Dec 2020 · Tokyo Gas

$247M

People & investors

Leadership

Greg Jackson

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

Rachel Fletcher

Director of Regulation and Economics

Joe Richardson

Operations Director

Lucy Yu

CEO, Centre for Net Zero

Amir Orad

CEO, Kraken Technologies

Founders

Pete Miller

Founding team; Creative Direction

Investors

Aware Super

CPP Investments

D1 Capital Partners

Durable Capital Partners

Fidelity International

Galvanize Climate Solutions

Generation Investment Management

Lightrock

Octopus Group

Ontario Teachers’ Pension Plan Board / Teachers’ Venture Growth

Origin Energy

Tokyo Gas

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

Technology

Kraken proprietary cloud energy platform

Ruby

Python/Celery

GraphQL

Kubernetes

Docker

Terraform

AWS/serverless technologies

Snowflake

Databricks

Apache Airflow

dbt

CircleCI

Datadog

Kotlin/Android

Jest

Customers

Residential energy customers in the UK and international markets

40,000+ business customers (group-site figure)

Utilities using Kraken, including Origin Energy, E.ON, EDF-related accounts, Severn Trent, Portsmouth Water, Cuckoo Fibre and Leep Utilities

EV drivers using Electroverse

Renewable-energy investors and asset owners

Competitors

British Gas/Centrica

E.ON

EDF Energy

OVO Energy

Shell Energy

Bulb/its successor operations

SSE

Good Energy

Tesla Energy and other smart-energy/EV ecosystem providers

Scale & contact

Estimated revenue

£13bn–£14bn annual group revenue (FY25 reported £13.683bn; FY24 £12.433bn)

Signals & risks

Acquisition

Jan 2022

Acquired 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.

Source

Acquisition

Dec 2023

Completed 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.

Source

Acquisition

Jan 2025

Octopus Energy Generation acquired OX2 France, an agrivoltaics developer with a pipeline targeting nearly 500MW by 2031.

Source

Other

Sep 2025

Announced intention to demerge/spin out Kraken as an independent company, creating strategic separation and execution risk.

Source

Other

Dec 2025

Kraken announced a $1bn investment at an $8.65bn valuation and Octopus announced a further $320m investment; Octopus is expected to retain a 13.7% Kraken stake after the planned spinout.

Source

Latest news

Octopus Energy to spinoff AI unit Kraken at $8.65 billion valuation

CNBC · Dec 2025

Coverage of the Kraken financing, planned mid-2026 separation and Octopus’s retained 13.7% stake.

Octopus Energy Group to spin out Kraken at valuation of $8.65bn

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.

Octopus Energy acquires OX2’s French solar unit to boost development

Reuters · Jan 2025

Octopus acquired OX2’s French agrivoltaics business and plans to expand its solar development pipeline.

Octopus Energy Group results for FY24

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.

Octopus Energy completes purchase of Shell Energy Retail in UK and Germany

Octopus Energy · Dec 2023

Completion of the Shell Energy Retail transaction added approximately 1.3m home-energy customers in the UK and Germany and nearly 500,000 broadband customers.

Careers Company group site Engineering blog / engineering spotlight GitHub organization search Kraken Technologies LinkedIn Octopus Energy Generation Retail energy Team/about X account for Greg Jackson

SourcesOctopus Energy Group FY25 annual report Octopus Energy About Us Leadership team Careers Employee benefits LinkedIn company page FY24 results Kraken spinout announcement

Jobs and careers at Octopus Energy Group

173 jobs at Octopus Energy Group

Operations & Scheduling Specialist - Fokus Wärmepumpe (m/w/d)

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Octopus Energy Services Germany 🇩🇪

Berlin (DE)

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