Octopus Energy's Kraken Spin-Off: A $10 Billion Tech Deal
Update: 2025-09-18
Description
Octopus Energy plans to spin off its Kraken software division in a deal that could value it at $10 billion, making it one of the UK’s top tech firms. Kraken, which manages over 70 million energy accounts worldwide, will gain independence to partner with global energy companies, with potential future plans for a US stock market float. This move aims to accelerate growth and meet the surging demand for smarter energy solutions.
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