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 ...

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 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 ...