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Former Vice President Al Gore has invested $600 million of equity into U.K. energy startup Octopus Energy Group via his Generation Investment Management vehicle, taking a stake of approximately 13% in the business. The investment means Octopus has attained a valuation of around $4.6 billion.
Octopus has made a name for itself in energy circles largely because of its “Kraken” technology platform, which it claims is able to reroute energy from renewable sources around a network far more efficiently than competitors. Octopus is now managing 17 million energy accounts in 12 countries in this manner.
https://techcrunch.com/2021/10/01/al-gore-puts-600m-into-uk-green-energy-tech-startup-octopus-energy-group/