Our revenue and customer numbers were ahead of targets and profit was exactly as forecast. It is top rated by Which? Enter Octopus Energy. The USA has also managed to grow at an impressive rate since 2012. Octopus Energy, an EnTech (energy technology) company, has selected AWS as its preferred cloud provider. It’s doubling every 2 years and has been for 20 years. Trading. If you're happy with this, continue browsing. To put this figure in perspective, China alone installed ten times this amount of solar PV in 2014. Then, the German energy program Energiewende was wound down, allowing China and Japan to overtake, with the USA close behind. At the beginning of the 21st century, global installed solar PV capacity paled in comparison to today’s figures. Matt Setchell. We use cookies to provide a great experience. Our investment in technology and scale is demonstrating that a consumer-driven energy revolution is the cheapest, quickest way to go green and we’ll now invest more in faster, global growth. August 10, 2020. Octopus Energy Fuels Global Clean Energy Growth Using AWS 2021 Launched in 2016, Octopus Energy is an energy technology pioneer and the UK's latest tech unicorn. LettUs Grow’s software platform, Ostara, is a farm management toolbox, providing automation, optimisation and business planning insights to farmers. Today, Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), announced that Octopus Energy, an EnTech (energy technology) company and sustainable energy supplier, has selected AWS as its preferred cloud provider. Calabria is, in effect, taking a punt on the growth prospects of company valued at £1 billion ($1.94 billion) and with 1.5 million energy customers in the UK. So you get £75 cash in total. ‘Our technology enables remote working, which means our DigiOps team is mainly made up of incredibly brilliant women, often returning to work after having children and looking for opportunities to build a career and balance family life’, Rebecca tells us. Fair prices for everyone. On average solar has been doubling every two years since the beginning of the 21st century, and so far, Ray Kurzweil’s prediction has been accurate. Based on Ray’s simple number crunching, we could, in theory, generate enough energy to meet today’s entire world’s electricity demand with solar by 2029. Recommended Energy Provider three years in a row. Octopus Energy provides the required electricity through its Agile Octopus tariff, made for EV drivers and homeowners, allowing customers access to lower prices during renewable-heavy, off-peak periods. Octopus Energy fuels global growth with AWS. and is the only company to have been awarded Which? Octopus Energy has also championed a new department that it calls DigiOps. By 2027, Octopus Energy is planning to match its supply and generate enough energy to power over 50 million homes across the globe, which is in line with the company’s own ambitions for customer growth. International tech heaven Tokyo will meanwhile function as a launchpad for Octopus's expansion into the Asian market. Ofgem provided share is rounded to nearest percentage point so all figures are estimates. A US record of 14.7GW of solar was added in 2016, but this has dropped down to 10.6GW added 2017. And as a result of that, the total amount of solar energy is growing, not linearly, but exponentially. So much for China not pulling their weight, Donald. Registered office: 33 Holborn, London, EC1N 2HT. At the end of 2017, it is estimated that around 102GW has been added to global PV capacity since 2016, bringing the global total to 405GW. Germany was the solar PV leader up until 2014 with 40GW of solar (equal to around 20 coal-fired power stations). Octopus Energy has become a unicorn, thanks to Australian energy company Origin Energy acquiring a 20% stake. We use cookies to provide a great experience. Octopus Energy is REA's company of the year for 2019. It is fair to say that 2008 to 2012 was a boom in the global solar PV market – the rate of new installations almost doubled to between 50% and 75% YOY. Japan achieved a steep increase following the introduction of a generous feed-in-tariff in 2012. To measure the growth of solar over fifteen years, we can use the compound annual growth rate (CAGR), which is similar to the way you would calculate your average interest on a bank account over a period of time. For the next seven years, from 2000 to 2007, the world saw gradual but impressive double-digit growth of between 20%-40% year-on-year (YOY). The CAGR of global solar PV installations from 2000-2017 was 42.34%, meaning it has done almost exactly that! In reality, we wouldn’t want to rely only on solar, and growth in the early years is likely to be quicker than later on – but it would be interesting if solar power has doubled every two years this century, wouldn’t it? Japan’s solar market grew fast after this, but cooled off slightly between 2015 and 2017. In the year to April 2019, the green energy company surged to 691,000 customers, from 199,000 customers at the end of April 2018. Matt is Co-head of Octopus Renewables, a team that he started nine years ago and has built to 70 people with over £3 billion of energy assets under management. Amazon Web Services (AWS) has announced that Octopus Energy has selected AWS as its preferred cloud provider. It has also helped grow the number of Octopus Electric Vehicles customers who are leasing fully electric vehicles, bundled with chargers and bespoke energy tariffs, to save money and energy. Octopus Energy Ltd is a company registered in England and Wales. Octopus Renewables and Octopus Energy are joining forces to create a truly differentiated renewables fund management business that will deliver better investment performance for our customers. At the end of 2017, it is estimated that around 102GW has been added to global PV capacity since 2016, bringing the global total to 405GW. Registered number: 09263424. There’s all these arguments, subsidies and political battles and companies going bankrupt, they’re raising billions of dollars, but behind all that chaos is this very smooth progression.”. What Octopus can do for you. The whole process will only take about 5 minutes of your time. Octopus Energy for Business and LettUs Grow, one of the leading designers of irrigation and control technology for indoor farms, identified similarities to their approach for indoor farmers in the UK. Octopus Renewables is already the one of the UK’s leading investor in renewable energy, while Octopus Energy is an award winning next-generation energy-supply company that’s delivering phenomenal growth. Octopus Energy supplies energy across the whole of the UK, and its expansion plans have always extended beyond London. Octopus Energy Group was launched in 2016 with a vision of using technology to make the green energy revolution affordable whilst transforming customer experiences. Amazon Web Services (AWS) has announced that Octopus Energy has selected AWS as its preferred cloud provider. We’ve increased our investment in Octopus Energy and will continue to do so as it paves the way to a world of affordable green energy. COMPANY OF THE YEAR WINNER 2019. Market shares do not add to 100% - other small suppliers totalling ~15% in Q3 2019 excluded from this view. Its domestic energy arm already serves over 1.5 million customers with cheaper greener power, through Octopus Energy, M&S Energy, Affect Energy, London Power and Co-op Energy. Revenue in the same period grew from £129million to £460million, a £331million (256 per cent) increase. And again, it’s a very smooth curve. Simon has overall responsibility for the day-to-day decisions and strategic direction of Octopus Group. Octopus Energy Cashback. Octopus Energy Fuels Global Growth with AWS August 6, 2020 Pioneering tech and green energy supplier selects AWS as its preferred cloud provider LONDON, August 6th 2020 Today, Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), announced that Octopus Energy, Recommended Energy Supplier, UK Employee Experience Best Company to Work For, USwitch Most Recommended Energy Supplier, Glassdoor rating 4.3/5, Trustpilot 9.6/10. We plan to increase the renewable energy sector. Octopus Energy Group encompasses Octopus Energy, Octopus Electric Vehicles, Octopus Energy Services and Kraken Technologies. Octopus Energy and Tokyo Gas will now launch a company named TG Octopus Energy (consumer brand Octopus Energy), a 30:70 joint venture, in Japan, backed by working capital and growth funding provided by Tokyo Gas. For more information, check out our website. In order to provide you with the latest digital energy web services you need to use the latest and greatest web browsers. In 2011, solar PV (meaning “photovoltaic” – the type of panel used to generate electricity, as opposed to thermal panels that generate heat) generated 60.6TWh or 0.27% of global electricity generation. Kraken is licensed as a software-as-a-service to other energy companies. Octopus Energy Group to become one of Europe’s largest green generation operators with acquisition of Octopus Renewables. Episode 3: Growth by Octopus Energy published on 2020-11-25T11:51:32Z In this episode of Inside Octopus Energy, we focus on growth and what it takes to go … A green energy business says a “substantial” number of the 1,000 new jobs it is creating will be in Leicester. So, is solar PV still seeing exponential growth six years on from Ray’s prediction? Octopus Energy Group, which is backed by the £8.6billion Octopus Investments fund, made a £30million loss in the year. Before founding Octopus in 2000, Simon spent two years working at Mercury Asset Management. Founded in 2015 in the UK by a group of tech entrepreneurs and energy industry professionals, the green-energy supplier has developed a unique customer service operating model that provides differentiated experiences for customers and fulfilling roles for employees—all at lower costs. Fast-growing energy suppliers want to grow their international business to generate 50 million Octopus Energy customers by 2027 and regenerate new to generate clean electricity to sell. Its domestic energy arm already serves 2 million customers with cheaper greener power, through Octopus Energy, M&S Energy, Affect Energy, London Power and Co-op Energy. The remainder of the top 10 is led by the UK, followed by France, Australia and Spain all with between 5.6GW to 12.7GW of installed capacity. “This was another incredible year for Octopus Energy, where we became a top 10 UK energy retailer, and delivered world-leading technology to make decarbonization faster and cheaper. Under the Octopus umbrella, we currently have two fast-growing businesses that are playing a critical role in advancing the clean energy transition. It has also been awarded the company which has done the most to advance renewables in Britain and was voted the UK’s best company to work for in the UK Employee Experience Awards. Founded by e-commerce entrepreneurs, Octopus Energy has a different starting point to other retailers, aiming to redefine what is possible for consumers and the system by using technology and data to deliver the best products and experience. This is an exciting idea. It’s transformed the sector through transparency, innovation and total customer-focus, and we couldn’t be more thrilled.”. This reflects Octopus’s investment in customer growth and service, the acquisition of other energy companies, and technology to make the smart grid a reality. The technology platform makes it easier for energy suppliers to … UNDER STRICT EMBARGO UNTIL 00.01 am GMT 25th January 2020. Octopus has invested more than £2.7bn in renewable assets across Europe, while its ventures arm has backed UK success stories like Zoopla, LoveFilm, Depop, Secret Escapes and SwiftKey. If you're happy with this, continue browsing. In May 2019, it partnered with Korean solar manufacturer Hanwha to launch an energy retail business in Australia. Octopus Energy fuels global growth with AWS. Octopus Energy is Uswitch's supplier of the year for 2020. Octopus Energy has operations in the UK, Germany, and the USA. Greg Jackson, CEO and founder of Octopus Energy Group, said: “I’m hugely impressed by Upside’s team and efforts in building a deep-tech platform that does fantastic things with real-time energy, connected home devices, and renewables. During an interview in 2011, Ray explained: “Solar panels are coming down dramatically in cost per watt. I will also send you £25 as soon as I receive my £50 credit from Octopus. Its first few years saw impressive growth: by May 2017 Octopus Energy’s Soho office was bursting at the seams; with around 100,000 customers being served by 30 energy specialists, it was time to open a second site. Octopus Energy Group was launched in 2016 with a vision of using technology to make the green energy revolution affordable whilst transforming customer experiences. Octopus Energy is top rated by Which? Octopus Energy attributes this to investment in its unique technology platform, Kraken, which enables the company to be simultaneously highly efficient and customer friendly. Co-head of Octopus Renewables. Market share growth calculated as change in share (as reported by Ofgem and estimates) from Q3 2019 estimates v. Q1 2018 reported figures. Registered number: 09263424. office: 2nd Floor, UK House, 164-182 Oxford Street, London W1D 1NN. Awarded Which? Hey I'm Constantine, welcome to Octopus Energy! That's why, over the past year, the difference between our fixed and standard price was less than 1%. This puts them at a total of 131GW of solar, almost four times the UK’s average total electricity demand. and the only company to have been awarded Which? Which is why, in 2015, we backed Greg Jackson and his team to build a next generation, tech-led energy supply company – Octopus Energy. The latest figures for the end of 2017 show that China has continued to build solar power at an astonishing rate, adding 53GW in 2017. In his essay “The Law of Accelerating Returns”, Ray believes the growth of solar will resemble Moore’s Law: the doubling of computer capability every two years. Octopus Energy is backed by Octopus Group, a financial services and energy firm, which manages more than £8.6bn of funds. Modern slavery statement. In order to provide you with the latest digital energy web services you need to use the latest and greatest web browsers. Update your browser for a better web experience, here and all over the internet. This has been followed by a period between 2013 and 2014 where growth rates have returned to around a 30%-40% range. For the growth of anything to double every two years and follow Moore’s Law, a minimum CAGR of 41.42% is needed. The Group has plans to launch in more countries over the next 18 months and will also launch a Dynamic Energy Research Centre to help design and drive a technology-enabled energy system centered around the benefits of renewables. During the accounting period, Octopus Energy took on 90,000 customers from failed supplier Iresa Energy, acquired Hove-based Affect Energy and its 20,000 customers, and formed a strategic partnership with M&S for the retailer’s energy offering. In 2016, India had a total of 9GW of solar. At Octopus, we help a whole range of customers by investing and deploying money in renewable energy farms, high-growth small businesses, healthcare real estate and debt, and fibre broadband. Growth is concentrated in China, Japan, the USA and increasingly India, today. office: 2nd Floor, UK House, 164-182 Oxford Street, London W1D 1NN. Octopus Energy’s industry-leading technology platform Kraken allows lowest cost-to-serve of any large supplier, according to a leading management consultancy, and is now being exported internationally. It can provide agile, closed-loop control for indoor and vertical farms remotely and be used to optimise plant growth. Octopus Energy is backed by Octopus Group, an £8.6billion investment fund UNDER STRICT EMBARGO UNTIL 00.01 am GMT 25th January 2020, London, UK: Octopus Energy, the UK energy retailer which has grown to more than 1.4million customers and now stands at 5pc market share, today releases its financial results for last year. The innovative tariff is proving particularly beneficial in enabling grid and power networks to handle the increased load of electric vehicles without additional investment in infrastructure. It was established in 2015 as a subsidiary of Octopus Group, a British asset management company. Plus, we supply green energy to homes around the UK. Octopus is considered to be the fastest growing private energy supplier in the UK, with 1.7 million customers to date. Across all its operations and licenses, Kraken now serves 17 million energy accounts worldwide, including customers of E.ON UK, Origin Energy in Australia and now Evolve Energy in the US. Octopus Energy doubled its “unicorn status” last year. It supplies 100% renewable electricity and gas to c. 1.4 million homes in the UK, Germany and Australia. Registered office: 33 Holborn, London, EC1N 2HT. The strategic partnership will see Origin gain a license for Octopus Energy’s technology platform, Kraken, allowing it to accelerate the transformation of its own retail business. Much of his time is spent looking for new opportunities for Octopus, such as moving into the commercial energy sector with Octopus Energy. Octopus Energy’s growth has been driven in large part by its software, Kraken. The fast-growth disruptor is targeting 100 million energy accounts on its platform by 2027. The growth of this business since 2015 has been meteoric. China had as much solar as Germany (40GW) in 2015 and then almost doubled this figure again in a single year in 2016. UNDER STRICT EMBARGO UNTIL 00.01 am GMT 25th January 2020, London, UK: Octopus Energy, the UK energy retailer which has grown to more than 1.4million customers and now stands at 5pc market share, today releases its financial results for last year. Octopus Energy Ltd is a company registered in England and Wales. Source (years 2000–2013): Global Market Outlook for Photovoltaics 2014-2018 (EPIA, 2014), Source (year 2014): Global Market Outlook for Solar Power 2015-2019 (SSE, 2014), Renewables Global Status Report 2017 (REN21, 2017). That is an increase of more than 492,000 customers or 247 per cent. Estimates put the total installed PV capacity in 2000 at around 1.4GW. India also had a huge year in 2017. Octopus Energy CEO Greg Jackson said: “Globally, energy is a $2trillion market which needs to be fundamentally reinvented over the next decade, to stop causing climate change and start fighting it. Octopus Energy is a UK-based retail electricity and gas supplier specialising in sustainable energy. Recommended Energy Provider for the last three years in a row. Since launching in 2016, Octopus Energy has grown rapidly without compromising on its exceptional customer service or its commitment to green energy. Germany and Italy were responsible for 72% of all growth in the boom years of 2008-2012. This has been followed by a period between 2013 and 2014 where growth rates have returned to around a 30%-40% range. Octopus Energy will transform Origin Energy's retail business with its Kraken digital platform. Everything else is handled by Octopus and your current energy supplier. In September 2019, Octopus acquired German green energy supplier 4hundred. Octopus Energy launched to the public in April 2016. It’s already achieved double unicorn status and has grown to two million customers in the UK, adding more than 100,000 customers per month. In January, Octopus Energy made its first move into the generation market by acquiring two wind turbines, signalling the company’s firm ambition to become a globally leading end-to-end energy … Trading. Update your browser for a better web experience, here and all over the internet. However, in 2017 they added another 9GW, doubling their installed capacity and bringing them up the top 10 world rankings. As of February 2021 the company had over 2 million domestic and business customers, as well as providing software services to other energy suppliers. Italy’s growth was impressive for a small country but has remained largely flat since financial incentives were removed in 2013. The fast-growing energy supplier hopes to grow its international business to create 50 million Octopus Energy customers by 2027, and plans to … Modern slavery statement. Octopus Energy’s cutting-edge technology enabled the rollout of the Agile Octopus tariff – a dynamic tariff that gives access to half-hourly energy prices linked to the wholesale price – and even pays customers to use electricity when there is surplus renewable generation. Or at least not far off…. Moixa claims to take into account Octopus’ dynamic price changes at … After signing up, you can get a free cuddly toy from Octopus at the link below: Hey I'm Constantine, welcome to Octopus Energy! It built its industry leading cloud-based energy technology platform, Kraken, entirely on Amazon Web Services (AWS). Source: market share through Q2 2019 as reported by Ofgem; Q3 2019 estimates as provided in public financial disclosures and/or press releases. We won't leave you hanging. Octopus Energy fuels global growth with AWS. Let’s hope Ray continues to be right over the next 15 years. “We expect our UK energy retail business to be close to break-even at the EBITDA level this year, significantly earlier than previously expected and so will continue to invest more in technology, more rapid expansion and bringing cheaper, greener energy with outstanding service to ever more customers.”, Octopus Group CEO Simon Rogerson said: “Octopus Energy is one of the most exciting businesses we’ve ever backed, with an exceptional team and outstanding service to customers. Were ahead of targets and profit was exactly as forecast China alone installed ten times this amount of PV! 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