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Retail Supplier Announces New Investors
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Octopus Energy announced new investors Galvanize Climate Solutions (Galvanize) and Lightrock
Octopus said that the investments valued Octopus at $9bn (£7.2bn)
Octopus described Galvanize as a "climate-focused" investment firm headquartered in San Francisco
"Through its $1bn 'Innovation + Expansion Fund' -- one of the largest climate funds ever raised -- Galvanize is injecting further fuel into Octopus Energy’s expansion in North America," Octopus said
Octopus described Lightrock as a global investment platform dedicated to building a sustainable future.
Lightrock will support Octopus in both its European and global growth.
Of the new investors, Greg Jackson, Founder of Octopus Energy Group, said "Their climate-focused investment is a powerful catalyst for our global expansion and will allow us to keep up the momentum to further drive our growth across North America, Europe and into emerging markets."
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June 6, 2024
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Copyright 2024 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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