Octopus Energy has cemented its status as one of Britain's most significant private companies after a series of share trades valuing it at $9bn . Sky News has learnt that Britain's second-largest domestic energy supplier is now close to attaining a rare 'decacorn' valuation - referring to companies worth at least $10bn - after two shareholders increased their stakes in the company.
The latest deal underlines the phenomenal growth of Octopus Energy under its founder Greg Jackson. Established just nine years ago, the company has been bolstered in scale by the acquisition of Bulb Energy, which collapsed into temporary government ownership three years ago. More recently, it struck a deal to buy Shell's household energy arm in the UK, which added hundreds of thousands of new customers.
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