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Value of Octopus Energy triples to £3 billion as new investor acquires 7 per cent interest

Origin Energy Limited (Origin) advises that Octopus Energy Group Limited (Octopus) will continue its rapid expansion, with a fund managed by leading sustainable investor Generation Investment Management (GIM) to invest £211 million to acquire approximately 7 per cent of the company. GIM’s investment values Octopus at approximately £3 billion (A$5.5 billion).

Pathways to net zero

Pathways to net zero - Australian Domestic Gas Outlook 2021, Mark Schubert, Origin Energy Executive General Manager, Integrated Gas

Strategic partnership with Octopus Energy to transform Origin’s retail business

Origin Energy Limited (Origin) has established a strategic partnership with fast-growing United Kingdom retailer and emerging technology business Octopus Energy (Octopus) to transform its retail operations delivering a radical improvement in customer experience, a material reduction in costs, and opening up future growth opportunities.