In 2018 Octopus Energy was the only energy supplier awarded Which? Recommended status. Octopus Energy Services was also launched that year. In 2019 Octopus Energy surpassed 1 million UK retail customers, announced licensing agreements for its Kraken Technology Platform and launched Octopus Energy Hatchery, whose first venture is Octopus Hydrogen. The Electric Juice Network (now Electroverse) was launched in May 2020 and by the end of the year the group was valued at over $2 billion after closing two investment rounds in nine months, also launching Octopus Energy Generation, Kraken Flex and Octopus Centre for Net Zero.
With a 22% market share and now powering over 6.8 million UK homes, Octopus officially became the UK’s largest electricity supplier after just eight years launching to the market.
To find out more about the company, you can visit the official group website: Octopus Energy Group.
If you're considering switching your gas and/or electricity to Octopus Energy use my Octopus referral code for £50 free account credit after your switch completes and you've made your first payment, plus an extra £25 cashback from me via PayPal, bank transfer or Amazon gift card. Just complete my contact form to let me know you've used my Octopus Energy referral link and confirm how you'd like your £25 bonus paid!