TOKYO (JAPAN) – Tokyo Gas has announced that it would invest about 20 billion yen ($193 million) in British retail energy firm Octopus Energy.
By joining up with Octopus Energy, a fast-growing start-up supplier in Britain, Tokyo Gas aims to grab a large chunk of Japan’s electricity market, an official said on Wednesday. Tokyo Gas and Octopus Energy plans to form a joint venture in Japan in February to supply power to retail customers in autumn 2021.
