5 years ago

Octopus Energy Becomes Double Unicorn After $250M Investment from Tokyo Gas

  • UK-based energy tech company Octopus Energy has secured a strategic partnership with Tokyo Gas, valuing the company at over \$2 billion

  • The deal includes a \$250 million investment, with Tokyo Gas taking a 9.7% stake

  • The partnership will see Octopus Energy launch in Japan under the TG Octopus Energy brand, a joint venture between the two companies

  • Octopus Energy will leverage its Kraken technology platform to provide 100% renewable electricity and smart energy solutions to Japanese households.

      • ProblemEnergy

      "The energy market is ripe for disruption, with outdated utilities struggling to provide cost-effective, green energy solutions to consumers."

      Solution

      "Octopus Energy leverages its proprietary technology platform, Kraken, to offer 100% renewable electricity and innovative energy solutions, providing a superior customer experience and driving the global transition to green energy."

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