Push for growth sees Octopus’ losses mount

Octopus Energy chief executive Greg Jackson has said his company’s net loss for 2019/20 was driven by the supplier’s “relentless investment” in new technologies, international expansion and customer growth. The retailer, which is this year celebrating its 5th anniversary, saw its revenue grow 160 per cent from £477 million to £1.24 billion and estimates a revenue of £2 billion as of year end April 2021.

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