Octopus Energy has confirmed a "major milestone" for the energy firm, which serves customers in Birmingham. The company has accelerated to £8.5 billion in assets under management, reflecting its rapid green growth.
Renewable Energy Portfolio Expansion
The energy giant's fund management team, which helps grow pension savers' money, now manages a 5.7 GW green energy portfolio with more than 400 sites across 21 countries. Spanning solar, onshore and offshore wind, and battery storage, these projects generate enough clean energy to power more than 2.8 million homes every year, according to the company, which competes with British Gas, EDF, EON, and Ovo.
Growth Since 2021
Since joining Octopus Energy in 2021, Octopus Energy Generation has almost tripled the renewable assets it manages. It also added nine institutional fund mandates, working with pension schemes, insurers, and private wealth investors across the UK, Europe, and Asia to back the energy transition, creating a greener, more affordable energy system for everyone.
Statement from Leadership
Alex Brierley, Co-head of Octopus Energy Generation's fund management team, said in a statement: "Surpassing £8 billion in assets under management is a major milestone for us. It is testament to our track record over the past 15 years where we’ve been entrusted by institutional investors to unlock opportunities across the energy transition."
Brierley added: "As a specialist fund manager part of Octopus Energy Generation, we see first-hand how electrification is transforming energy systems for consumers around the world. Investors are increasingly looking for simple, scalable ways to support this shift - and we’re focused on making that possible. We're helping connect capital with the infrastructure needed to deliver a cleaner, more secure and affordable energy system for everyone. We’ve grown rapidly in the past year, and with significant opportunities ahead – there's much more to come."
