Octopus Energy raises $800m and aims to create 3,000 green jobs in UK
by Alex Lawson from Environment | The Guardian on (#6H7NM)
Extra cash values firm at nearly $8bn, as it says it has greater share of home electricity market than British Gas
Octopus Energy has raised $800m (630m) from its shareholders in a move that values the company at nearly $8bn, weeks after it became Britain's biggest power supplier.
Its existing investors, which include Japan's Tokyo Gas and Al Gore's Generation Investment Management, have ploughed in extra cash as the value of the utility company surged by 60% since its last fundraising round two years ago.
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