Octopus Energy to spin off $8.65bn tech arm Kraken
Source: BBC
Archie MitchellBusiness reporterGetty ImagesOctopus Energy is set to spin off its Kraken Technologies arm as a standalone company after a deal to sell a stake in the platform valued it at $8.65bn (£6.4bn).The energy giant, Britain's biggest gas and electricity supplier, has sold a $1bn stake in the AI-based division to a group of investors led by New York-based D1 Capital Partners.The move paves the way for…
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