UK’s Octopus Energy to Enter China With Power Trading Platform

Octopus Energy Group Ltd. is set to enter a strategic partnership to build a power trading platform with China’s PCG Power, marking the UK company’s first venture in the Asian nation.

The agreement is expected to be signed during UK Prime Minister Keir Starmer’s visit to the country this week, PCG Power said. Founded a decade ago, Octopus Energy has grown rapidly to become the UK’s largest domestic power supplier, driven by its heavy use of technology and data-driven algorithms, and has expanded internationally in recent years.