Why Red States Are Octopus Energy’s New Clean Power Garden [Video]

Octopus Energy has quickly become a major power provider in the United Kingdom since its launch in 2016 and now serves millions of customers in 18 countries.

Relying on a high-tech approach to managing energy demand, Octopus offers clean energy at competitive prices. Given its green-energy mission, when the company first came to the U.S. in 2020 you might have expected it to land in California or Massachusetts—places where the politics favor clean power and climate action.

Instead, Octopus Energy US started out in deep-red, oil-rich Texas. Financially fueled by recent funding from Al Gore‘s Generation Investment Management and Tom Steyer’s Galvanize Climate Solutions, Octopus has spread its tentacles into the U.S. renewable energy scene with partnerships with solar farms and wind power developers.

Nick Chaset took the reins as the new CEO of Octopus Energy US last month, just before President Donald Trump took office with a focus on fossil fuel production.

Chaset joined Newsweekfor a frank …