Octopus Energy enters China market through joint venture with PCG Power

Octopus Energy has formed Bitong Energy with PCG Power to trade renewable power in China. The venture aims for a 500 million pound valuation within five years.

Octopus Energy has formed a joint venture with China CNCNbased PCG Power to trade renewable energy in the region. The new joint venture is named Bitong Energy and marks the first entry into Chinafor Octopus Energy, which currently stands as the largest electricity supplier in Great Britain GBGBby market share. The announcement of the partnership coincided with an official state visit by Prime Minister Keir Starmer keir starmer.
The Octopus logo is displayed during the Everything Electric, the Home Energy & Electric Vehicle Show, in London, Britain, April 16, 2025. REUTERS/Maja Smiejkowska
The Octopus logo is displayed during the Everything Electric, the Home Energy & Electric Vehicle Show, in London, Britain, April 16, 2025. REUTERS/Maja Smiejkowska
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