U.K. Clean Energy Provider Plans $100 Million Move Into U.S.
- Octopus will expand to Texas with acquisition of Evolve Energy
- The utility aims to soon have 25 million U.S. energy customers
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Octopus Energy Ltd., the U.K. green power provider, bought U.S. startup Evolve Energy as part of a $100 million push into the American market.
The company hopes to attract millions of customers as it gets a foothold in the Texas market. It’s the latest step in Octopus’s plan to expand globally, driving down consumer prices with low-cost renewable power.