Octopus Energy Splits Off Kraken to Fast-Track Global Growth

Greg Jackson’s Octopus Energy has announced the spin-off of its technology arm Kraken to become a standalone business. The group said the move is aimed at “speeding up the platform’s expansion across the globe” and allowing Kraken to “fast-track investments into its technology, expand into new energy markets and regions, and drive innovation”. Kraken has $500m in committed annual revenue through licensing deals with the likes of EDF, E.ON Next, National Grid US, Origin Energy, Plenitude and Tokyo Gas. Its AI-powered…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com