HomeMarch 10, 2023
Parent Of U.S. Retail Supplier Announces €1 Billion Investment In Overseas Energy Market, New Tech Hub
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Octopus Energy announced plans to invest €1 billion in "the French green energy market" over the next two years.
Octopus is also launching a new European tech hub in Paris through its subsidiary Kraken.
Octopus said the €1 Billion investment in French generation, "will be used to accelerate the energy transition in France and generate enough local green power to supply 300,000 households."
Octopus Energy first entered the French market in January 2022 with its acquisition of French energy supplier Plüm énergie. The company is now targeting 1 million customers by 2026 in France.
Octopus operates across 10 European countries
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