News

Octopus Energy to spin off Kraken software unit at potential $15B valuation

  • Maria Deutscher--SiliconANGLE News
  • published date: 2025-09-18 23:24:18 UTC

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 that the deal could value Kraken at $15 billion. It’s belie…

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 sayin… [+3790 chars]