Octopus Energy is set to enter Japan as part of a strategic partnership valuing the energy supplier at $2.1bn (£1.6bn). Its Octopus Energy brand and Kraken technology will be launched in the nation as part of a new joint venture with Tokyo Gas. Tokyo Gas will take a 9.7pc stake in Octopus for $200m, while existing Octopus investor Origin Energy will inject a further $47m. Origin already has a 20pc stake following a deal in April that valued Octopus at more than £1bn. Octopus was founded just five years ago but is now within striking distance of British Gas owner Centrica’s £2.5bn valuation.
Telegraph 23rd Dec 2020 read more »
Times 24th Dec 2020 read more »