The energy challenger Octopus Energy is preparing to raise hundreds of millions of pounds of fresh funding to bankroll expansion in Scandanavia and as far afield as Japan. Octopus Energy, which is one of Britain’s fastest-growing energy newcomers, hired KPMG last year to advise on the plans, which market sources said could secure a valuation approaching £1bn. A funding round is one of several options being considered to support overseas growth alongside partnerships, the company said. The loss-making business is eyeing opportunities to enter as many as four new markets over the next 18 months, Octopus Energy’s founder and chief executive Greg Jackson said.
Telegraph 11th Jan 2020 read more »