Octopus Energy and Legal & General completed the £70m investment in The Kensa Group.

Octopus Energy, a British renewable energy group, and Legal & General, a British multinational financial services and asset management company, completed the £70m investment in The Kensa Group, a heating equipment supplier. “The heat pump revolution is off to a flying start: it’s a tried and tested replacement for gas boilers and can drive down consumers’ energy bills for good. Backing Kensa will help rapidly expand Britain’s fast-growing ground source heat pump economy. This is a huge milestone for our exciting new energy transition fund, as we invest in ambitious companies rolling out tech to turbocharge the clean energy shift,” Zoisa North-Bond, Octopus Energy CEO.