Existing shareholders including Origin Energy, Tokyo Gas, and CPP Investments provided the funding.
"We remain obsessive about customers – we’ve been awarded “Which? Recommended” an unprecedented 6 years in a row and according to consultants Bain**, Octopus Energy is rated 44 points higher than the next best company."
Tokyo Gas led a strategic partnership bringing £150m in corporate capital to support the company expansion.
"We are delighted to announce our agreement with Tokyo Gas, one of the most respected and successful Japanese utilities, to launch “Octopus Energy” in Japan. This Joint Venture will bring our exciting approach to renewable energy and technology to the world’s largest competitive energy market, and the investment will turbocharge our mission to revolutionise energy globally."