UK's Octopus Energy to Spin Off Technology Arm Kraken
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11 Articles
Energy giant Octopus to split off Kraken technology arm
It comes amid reports Kraken could go public with a stock market listing, likely to be in London or New York, in the next 12 months. UK energy giant Octopus has said it is spinning off its software arm Kraken Technologies. It said the demerger will help to speed up the expansion of Kraken globally, with the firm’s AI-powered platform already connected to more than 70 million household and business accounts. It comes amid reports Kraken could go …
UK's Octopus Energy to spin off technology arm Kraken
Octopus Energy said on Thursday it would spin its technology arm Kraken Technologies off and named Tim Wan as the newly separated company's chief financial officer, as Britain largest electricity supplier focuses on its core operations.Kraken, which provides energy software technology to energy majors includi
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