
Octopus Energy's $8.65B Kraken Tech Unit Eyes Future IPO
Octopus Energy is spinning off its Kraken Technologies platform, valued at $8.65 billion, after securing a $1 billion investment led by D1 Capital Partners. Kraken, which uses AI to optimize energy usage and customer service for utilities, will operate independently and is considering a future IPO, potentially in London or the US, to further expand its reach beyond the 70 million accounts it currently manages.


















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