Octopus Energy Group acquires Upside Energy

Octopus Energy Group has announced the acquisition of Upside Energy, a leading energy software company based in Manchester. The move establishes the base of UK energy pioneer Octopus’s new technology innovation centre,.

The new energy technology (EnTech) hub will play a pivotal role in achieving Octopus Energy’s ambition of making the UK the ‘Silicon Valley of Energy’. It will help develop the smart grid technologies required for a green energy system and the electrification of transport and heating. Octopus Energy’s teams in Manchester, London and Silicon Valley will work closely together to help deliver digital solutions that automatically warm homes and charge cars when energy is greenest.

Greg Jackson, CEO and founder of Octopus Energy Group, said “I’m hugely impressed by Upside’s team and efforts in building a deep-tech platform that does fantastic things with real-time energy, connected home devices, and renewables. Forward-thinking businesses like Upside are one of the reasons why I’m convinced that we can make the UK the ‘Silicon Valley of Energy’. We’re delighted to welcome these brilliant minds into our team to drive the green EnTech revolution here in the UK and abroad.”

Upside Energy CEO Devrim Celal said “I’m really excited for Upside as we become part of Octopus Energy Group and take advantage of the opportunities this acquisition will bring. We are joining forces with a like-minded team who shares our ambitions to play a major role in achieving the transition to a net-zero world. Together, we have the opportunity to drive global growth and continue to develop our brilliant team to solve the complex challenges ahead.”