British clean energy giant Octopus Energy Group Ltd. has announced it’s spinning off its most valuable technology asset as a standalone entity. The company said its Kraken Technologies Ltd. subsidiary ...

Octopus Energy Group Ltd. today announced plans to spin off its Kraken subsidiary, which sells software that helps utilities operate more efficiently. The Wall Street Journal cited analysts as saying ...

British renewable energy provider Octopus Energy said this week that it’s spinning off Kraken, its tech platform for utilities, spurred in part by $500 million in committed annual revenue from other ...

Octopus Energy raised $1 billion in its first standalone funding round for Kraken, valuing the business at $8.65 billion. The statement said "a major Kraken customer," which it did not name, and ...

Kraken, Octopus Energy’s tech arm, has been spun off as a standalone business with $500m annual committed revenue and contracts covering 70m accounts worldwide. The move aims to accelerate global ...

Octopus Energy Group has spun off its technology arm, Kraken, following its first standalone investment round. The fresh funding round for Kraken was led by global investment giant D1 Capital Partners ...

The MarketWatch News Department was not involved in the creation of this content. -- Global energy giant to split off cutting-edge tech business into a standalone company -- Comes as Kraken reaches ...

Octopus Energy Group is formally spinning out its Kraken technology arm after completing the first standalone investment round for the business, valuing Kraken at $8.65 billion. The $1 billion equity ...