OCTOPUS UNVEILS PLAN TO SPIN OFF £7BN TECHNOLOGY ARM
https://s.yimg.com/ny/api/res/1.2/BG_wKGJ6ZrH_QZXKC_crAg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03NTA-/https://media.zenfs.com/en/the_telegraph_258/c14b369f3bae663d6d8c65c90298a828
✍️ Octopus Energy is spinning off its software arm, Kraken, in a deal expected to value the business at up to $10 billion, making it one of Britain's most valuable tech companies.
👉 Kraken is a cloud operating system designed for energy companies and utilities 👉 Kraken is used by over 70 million customers globally 👉 Kraken aims to serve a billion people globally by 2030 👉 Octopus Energy is separating Kraken to bring in more cash and accelerate growth 👉 Kraken could be valued at up to $10 billion in the deal
-- #GregJackson #JamesEddison #StuartJackson #RachelReeves #London #NewYork #technology
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