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AI-driven energy startup Octopus hits $2B mark after $200M investment from Tokyo Gas You’ve heard of challenger banks? Now meet the challenger energy suppliers. The U.K.’s Octopus Energy has attained a $2.06 billion valuation (£1.5 billion) after attracting a $200 million (£150 million) investment from Tokyo Gas, for a 9.7% stake, in order to launch a joint venture. Octopus will own 30% of the venture, with Tokyo Gas owning the majority. After five years of operation, Octopus is now close to the valuation of British Gas owner Centrica. Octopus will now launch as a brand in Japan with its trademark 100% renewable electricity operation, which uses an innovative AI and data-based platform to balance loads around the grid. Its Kraken software is also licensed to Origin Energy, nPower and E.On, Good Energy and Hanwha Corporation, among others, reaching 17 million energy accounts worldwide.

New zealandUnited kingdomYoshihide sugaGreg jacksonTakashi uchidaAustralia origin energyBritish gasGood energyUnited kingdom octopus energyHanwha corporationOrigin energyOctopus energyTokyo gasPrime minister yoshihide sugaUnited kingdom octopusElectric juice