
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 utilizes AI to optimize energy usage and customer service for utilities, will operate independently, potentially leading to a future IPO and further expansion of its services to 70 million accounts globally.

















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