Look where your Octopus money goes

mark_cycling00

More interesting is that "environmentalist" Al Gore owns 40% of octopus and presumably takes 40% of the profits. tokio marine takes a chunk too. They're a private company so release less info about such things.

They have a publicly traded energy generation company that doesn't seem to be benefiting from higher energy prices, so perhaps has a long-term fixed price contract with octopus where prices haven't gone up in the last year.

It's a very clever company and its a shame we can't all share on their success. Only a few private elites can

Mstty

mark_cycling00 said:

More interesting is that "environmentalist" Al Gore owns 40% of octopus and presumably takes 40% of the profits. tokio marine takes a chunk too. They're a private company so release less info about such things.

They have a publicly traded energy generation company that doesn't seem to be benefiting from higher energy prices, so perhaps has a long-term fixed price contract with octopus where prices haven't gone up in the last year.

It's a very clever company and its a shame we can't all share on their success. Only a few private elites can

Not entirely if you work for them you will have been able to get shares and invest. 5% employee owned.

[Deleted User]

mark_cycling00 said:

More interesting is that "environmentalist" Al Gore owns 40% of octopus and presumably takes 40% of the profits. tokio marine takes a chunk too. They're a private company so release less info about such things.

They have a publicly traded energy generation company that doesn't seem to be benefiting from higher energy prices, so perhaps has a long-term fixed price contract with octopus where prices haven't gone up in the last year.

It's a very clever company and its a shame we can't all share on their success. Only a few private elites can

As at Sep21, Octopus Energy was valued at £3.3Bn. Al Gore’s Investment Fund contribution was US$600M which equated to a 13% share according to Bloomberg et al.

The chap that set up Octopus Energy used to run a mirror manufacturing company and a property letting company. If he had knocked on your door 10 years ago, would you have offered to invest in his start up energy and technology company? 

MWT

mark_cycling00 said:

More interesting is that "environmentalist" Al Gore owns 40% of octopus and presumably takes 40% of the profits

Even if they did have 40% ownership that does equal 40% of the profits, that isn't how it works, in the same was as if the company makes a loss they don't have to pay 40% of that loss...

PennyForThem_2

Throughout my working life I have found HR absolutely useless.  Yes, good if there is a disciplinary meeting but they are there for the company not the staff member.

So way to go Octopus!

[Deleted User]

As of last month, Octopus has secured an additional $US325M of investment including an additional $US255M from of its original key investors: The Canadian Pension Plan Investment Board.

‘The company plans to use the money to further improve its energy technology platform, Kraken, and invest in products and solutions that can help solve the energy crisis and drive renewables at scale.’

Kraken is a big money earner for Octopus. The billing platform is now used by a number of UK suppliers and energy companies around the World (Japan; USA; Germany; New Zealand). 

Octopus - as an energy producer - now powers homes in the UK, Germany, the USA, Japan, Spain, Italy, France and New Zealand.