Octopus Australia

What Octopus Australia does

Octopus Australia is a private renewable energy developer and fund manager operating as the Australian arm of UK-based Octopus Energy Group Ltd. The company was established in Australia in 2020 (per company history timeline; firmographics list 2018) and combines project development with investment fund management, deploying capital into utility-scale wind, solar, and battery energy storage assets across New South Wales, Victoria, and Queensland. Its core technology focus is DC-coupled hybrid solar-plus-storage systems that transfer solar generation directly to battery storage at the DC level, avoiding AC conversion losses; the A$900 million Blind Creek Solar Farm and Battery project (300MW solar + 243MW/486MWh battery) in Bungendore, NSW represents the first commercial deployment of this configuration.

The company offers two regulated investment funds: the Octopus Australia Sustainable Investments Fund (OASIS), available to institutional and wholesale investors, and the Octopus Renewable Energy Opportunities Fund (OREO), available to wholesale investors only. Revenue is generated primarily through management fees on funds under management, supplemented by acquisition, development, and asset management fees across the project portfolio. As of January 2026, the company manages A$2.0 billion in funds under management with a stated A$20 billion five-year investment commitment backed by APG Asset Management and the Clean Energy Finance Corp, and a project portfolio of 4,000MW+ across operation, construction, and development. Go-to-market is enterprise field sales targeting institutional and wholesale investors through direct relationship management, with offices in Melbourne and Sydney and 65+ renewable energy experts covering development, energy markets, grid/engineering, asset management, and community engagement. Recent milestones include acquisition of the Hanworth BESS (1.2GW/4.8GWh, claimed Australia's largest planned battery) and the Dunmore Solar Farm and Battery from Samsung C&T and Enervest respectively.

Name

Octopus Australia

Legal name

Octopus Investments Aust Pty Ltd

Website

https://octopusinvestments.com.au

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

51–100 employees

Short description

Octopus Australia is a private renewable energy developer and fund manager that operates utility-scale solar, wind, and battery storage projects across NSW, Victoria, and Queensland, and offers two wholesale/institutional investment funds (OASIS and OREO) with A$2.0 billion under management.

Ownership category

akta.pro rank

Product category

Renewable Energy Fund Management

SIC

Investment Advice (6282)

akta.pro primary industry

Renewable Energy Infrastructure (FSAAAKAG)

Keywords

• Renewable energy investment
• Battery energy storage
• Utility-scale solar development
• Clean energy infrastructure funds
• Institutional asset management

Headquarters

HQ city

South Yarra

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Fund Management Fees: Generates revenue through management fees charged on funds under management. OASIS Fund provides exposure to operational, construction and development renewable projects. OREO Fund provides exposure to fully operational and construction-ready projects.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Octopus Australia is a renewable energy developer and fund manager that raises and deploys capital into utility-scale solar, wind and battery storage infrastructure projects across Australia. It offers two investment vehicles — OASIS (for institutional and wholesale investors) and OREO (for wholesale investors) — that provide exposure to operational, construction-ready and development-stage clean energy assets. The company also directly develops and owns renewable energy projects, including hybrid solar-plus-storage and standalone battery installations in New South Wales, Victoria and Queensland.

Product overview

Octopus Australia operates as an energy fund manager and developer offering two investment funds to wholesale and institutional investors: the Octopus Australia Sustainable Investments Fund (OASIS) targeting institutional investors, and the Octopus Renewable Energy Opportunities Fund (OREO) for wholesale investors. Both funds provide exposure to diversified portfolios of Australian clean energy infrastructure assets. The company's project portfolio includes utility-scale renewable energy developments combining wind, solar, and battery storage, such as the Blind Creek Solar Farm and Battery (300MW/486MWh), Hanworth Battery (1.2GW/4.8GWh), Dunmore Solar Farm and Battery (300MW/300MWh), and Coleambally Battery (100MW/400MWh). Octopus Australia combines development, energy markets, grid engineering, asset management, and community engagement expertise to deliver projects from inception through operation.

Differentiator

Problem solved

Functional benefit

Brands

• OASIS (Octopus Australia Sustainable Investments Fund): Providing investors with exposure to a diversified portfolio of Australian clean energy infrastructure assets through investment in operational, construction and development renewable energy projects. Available to institutional and wholesale investors.
• OREO (Octopus Renewable Energy Opportunities Fund)

Products and services

• Octopus Australia Sustainable Investments Fund (OASIS) An investment fund that provides institutional and wholesale investors with exposure to a diversified portfolio of Australian clean energy infrastructure assets, including operational, construction, and development-stage renewable energy projects.
• Octopus Renewable Energy Opportunities Fund (OREO) An investment fund that provides wholesale investors with exposure to a diversified portfolio of Australian clean energy infrastructure assets through investment in fully operational and construction-ready renewable energy projects.
• Blind Creek Solar Farm and Battery A 300MW solar farm combined with a 243MW/486MWh battery energy storage system located near Bungendore, NSW. Features a DC-coupled configuration and agrivoltaics design allowing sheep grazing alongside power generation. AU$900 million project, expected to be operational by 2028 and power 120,000 homes.
• Hanworth Battery Energy Storage System A 1.2GW/4.8GWh standalone battery project in New South Wales, claimed as Australia's largest planned battery. Connects to Transgrid's Bannaby Terminal Station and the National Electricity Market, providing storage for over 500,000 homes.
• Dunmore Solar Farm and Battery A hybrid solar and battery project near Toowoomba, Queensland. Combines 300MW of solar capacity with 150MW/300MWh battery storage system. Acquired from Samsung C&T Renewable Energy Australia.
• Coleambally Battery Energy Storage System A 100MW/400MWh standalone battery project located in southern New South Wales, positioned near a solar farm and supporting the Australian National Electricity Market. Expected to operate for 30 years.

Quantifiable outcome

• Powers 1.1 million+ equivalent homes
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Flow PowercoreStrategic or Co-development Partner · 1 March 2026Flow Power (majority owned by OPTrust, Canadian pension fund) signed A$900 million offtake agreement for Blind Creek Solar Farm and Battery project, securing foundational energy offtake for the hybrid facility powering 120,000 homes and reducing emissions equivalent to removing 200,000 cars annually.
• WärtsiläcoreTechnology or Integration · 1 October 2025Wärtsilä is delivering Australia's largest DC-coupled hybrid battery energy storage system for the National Electricity Market, expanding to 1.5GW/5.5GWh of capacity. The project is nearly four times the scale of Wärtsilä's previous Fulham Solar Battery Hybrid project.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Macquarie Asset Management (Green Investment Group): Macquarie's infrastructure arm is Australia's largest infrastructure investor with a dedicated Green Investment Group focused on renewable energy development and asset management. Directly comparable business model of deploying institutional capital into utility-scale renewable energy projects with development capability.
• IFM Investors: Australian-owned industry super fund asset manager with a major Global Infrastructure platform investing in renewable energy assets globally. Highly comparable as a domestic institutional infrastructure fund manager competing for the same LP relationships and renewable infrastructure deal flow.
• BlackRock Climate Infrastructure: BlackRock's infrastructure platform invests globally in renewable energy generation and storage assets on behalf of institutional clients. Comparable as a global institutional fund manager building dedicated renewable infrastructure vehicles in mature renewables markets such as Australia.
• Quinbrook Infrastructure Partners: Specialist renewable energy infrastructure manager raising large institutional capital pools for renewables and storage projects globally. Most direct comparable in terms of pure-play renewable infrastructure focus and LP base composition (pension funds, sovereign wealth).

Broad incumbents

• Origin Energy: One of Australia's largest energy retailers and generators, actively transitioning its generation portfolio to renewables and battery storage. Comparable as a major Australian incumbent competing for renewable project pipeline and offtake customers, though with broader retail energy operations.
• APA Group: Australia's largest natural gas infrastructure operator with growing renewable and battery storage exposure. Comparable as a large ASX-listed energy infrastructure operator expanding into renewables and storage, though dominated by gas transmission assets.
• AGL Energy: Major Australian integrated energy retailer and generator undergoing a significant transition away from coal toward utility-scale renewables and battery storage. Comparable end-market exposure (Australian NEM renewables) but operates a much broader retail and generation business.

Emerging players

• Genex Power: ASX-listed Australian renewable energy developer focused on battery storage and pumped hydro projects in the NEM. Comparable as an emerging developer of utility-scale storage in Australia and a likely counterparty or competitor for project acquisitions and offtake arrangements.
• Tilt Renewables: Australian wind and solar developer owned by Infratil and Mercury NZ, with operational and development pipeline across Australia and New Zealand. Comparable as a renewables developer competing for grid connections, EPC partners, and institutional capital in the Australian market.
• FRV Australia (Fotowatio Renewable Ventures): Global solar developer with an Australian platform developing utility-scale solar and hybrid projects. Comparable as an international renewable developer active in the Australian market and a potential seller or buyer in the same project M&A market where Octopus Australia is active.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/octopus-investments

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Octopus Australia