Octopus Energy hits $2B+ valuation with Tokyo Gas investment
December 24, 2020
Tokyo Gas has agreed to buy a 9.7% stake in Octopus Energy for $200 million. The two companies will set up a joint venture to supply renewable energy to customers in Japan, with Tokyo Gas holding a 70% stake in the JV. Existing investor Origin Energy will also invest $47 million in Octopus, which is now valued at over $2 billion.